McGrath Rentcorp (MGRC) Tops Q3 EPS by 11c

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Go back to McGrath Rentcorp (MGRC) Tops Q3 EPS by 11c

McGrath RentCorp Announces Results for Third Quarter 2018

October 30, 2018 4:01 PM EDT

LIVERMORE, Calif., Oct. 30, 2018 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended September 30, 2018 of $143.1 million, an increase of 6%, compared to the third quarter of 2017.  The Company reported net income of $24.8 million, or $1.01 per diluted share for the third quarter of 2018, compared to net income of $16.8 million, or $0.69 per diluted share, in the third quarter of 2017. 

THIRD QUARTER 2018 COMPANY HIGHLIGHTS:

Income from operations increased 18% year-over-year to $35.8 million.Rental revenues increased... More