McGrath Rentcorp (MGRC) Tops Q4 EPS by 22c
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McGrath RentCorp Announces Results for Fourth Quarter 2018
February 26, 2019 4:01 PM ESTLIVERMORE, Calif., Feb. 26, 2019 (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, 2018 of $133.1 million, an increase of 9%, compared to the fourth quarter of 2017. The Company reported net income of $24.2 million, or $0.99 per diluted share for the fourth quarter of 2018, compared to net income of $117.7 million, or $4.82 per diluted share, in the fourth quarter of 2017. The fourth quarter of 2017 included a net income benefit of $102.5 million, or $4.20 per diluted share, associated with the enactment of the Tax Cut... More
