McGrath Rentcorp (MGRC) Misses Q4 EPS by 3c

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Go back to McGrath Rentcorp (MGRC) Misses Q4 EPS by 3c

McGrath RentCorp Announces Results for Fourth Quarter 2015

February 25, 2016 4:01 PM EST

Rental Revenues Decrease 1% Net Income Down 17%EPS Decreases 9% to $0.48 for the QuarterCompany Announces 2% Dividend Increase; 24th Consecutive Year Increase

LIVERMORE, Calif., Feb. 25, 2016 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business to business rental company, today announced total revenues for the quarter ended December 31, 2015 of $105.3 million, a decrease of 6%, compared to $111.8 million in the fourth quarter of 2014.  The Company reported net income of $11.5 million, or $0.48 per diluted share for the fourth quarter of 2015, compared to net income of $13.9 million, or $0.53 per diluted... More