McGrath RentCorp Announces Results for Fourth Quarter 2019
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McGrath Rentcorp (MGRC) Tops Q4 EPS by 13c, Revenues Beat; Offers FY20 Revenue Guidance
February 25, 2020 4:30 PM ESTMcGrath Rentcorp (NASDAQ: MGRC) reported Q4 EPS of $1.07, $0.13 better than the analyst estimate of $0.94. Revenue for the quarter came in at $147.2 million versus the consensus estimate of $137.79 million.
FOURTH QUARTER 2019 COMPANY HIGHLIGHTS:
Income from operations increased 9% year-over-year to $38.2 million.Rental revenues increased 8% year-over-year to $92.2 million.Adjusted EBITDA1 increased 11% year-over-year to $63.7 million. Dividend rate increased 10% year-over-year to $0.375 per share for the fourth quarter of 2019. On an... More