McGrath Rentcorp (MGRC) Tops Q4 EPS by 13c

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Go back to McGrath Rentcorp (MGRC) Tops Q4 EPS by 13c

McGrath RentCorp Announces Results for Fourth Quarter 2017

February 27, 2018 4:01 PM EST

LIVERMORE, Calif., Feb. 27, 2018 (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, 2017 of $122.2 million, an increase of 16%, compared to the fourth quarter of 2016.  The Company reported net income of $117.7 million, or $4.82 per diluted share for the fourth quarter of 2017, compared to net income of $9.7 million, or $0.40 per diluted share, in the fourth quarter of 2016.  The fourth quarter of 2017 includes a net income benefit of $102.5 million, or $4.20 per diluted share, associated with the enactment of the Tax Cut... More