McGrath Rentcorp (MGRC) Tops Q1 EPS by 11c

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Go back to McGrath Rentcorp (MGRC) Tops Q1 EPS by 11c

McGrath RentCorp Announces Results for First Quarter 2019

April 30, 2019 4:01 PM EDT

LIVERMORE, Calif., April 30, 2019 (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, 2019 of $122.0 million, an increase of 16%, compared to the first quarter of 2018.  The Company reported net income of $18.4 million, or $0.75 per diluted share, for the first quarter of 2019, compared to net income of $14.5 million, or $0.59 per diluted share, for the first quarter of 2018. 

FIRST QUARTER 2019 COMPANY HIGHLIGHTS:

Income from operations increased 24% year-over-year to $27.3 million.Rental... More