McGrath Rentcorp (MGRC) Tops Q1 EPS by 12c

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Go back to McGrath Rentcorp (MGRC) Tops Q1 EPS by 12c

McGrath RentCorp Announces Results for First Quarter 2018

May 1, 2018 4:01 PM EDT

LIVERMORE, Calif., May 01, 2018 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business to business rental company, today announced total revenues for the quarter ended March 31, 2018 of $105.1 million, an increase of 11%, compared to the first quarter of 2017.  The Company reported net income of $14.5 million, or $0.59 per diluted share for the first quarter of 2018, compared to net income of $8.0 million, or $0.33 per diluted share, in the first quarter of 2017.  The first quarter of 2018 includes a net income benefit associated with the Tax Cuts and Jobs Act (the Tax Act) that was enacted... More