McGrath Rentcorp (MGRC) Tops Q2 EPS by 4c

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Go back to McGrath Rentcorp (MGRC) Tops Q2 EPS by 4c

McGrath RentCorp Announces Results for Second Quarter 2016

August 2, 2016 4:03 PM EDT

Rental revenues decrease 1% Net income up 7%EPS increases 19% to $0.38 for the quarter

LIVERMORE, Calif., Aug. 02, 2016 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended June 30, 2016 of $103.1 million, an increase of 7%, compared to $96.0 million in the second quarter of 2015.  The Company reported net income of $9.1 million, or $0.38 per diluted share for the second quarter of 2016, compared to net income of $8.5 million, or $0.32 per diluted share, in the second quarter of 2015.

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