McGrath Rentcorp (MGRC) Tops Q1 EPS by 7c
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McGrath RentCorp Announces Results for First Quarter 2020
April 29, 2020 4:01 PM EDTLIVERMORE, Calif., April 29, 2020 (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, 2020 of $129.5 million, an increase of 6%, compared to the first quarter of 2019. The Company reported net income of $20.2 million, or $0.81 per diluted share, for the first quarter of 2020, compared to net income of $18.4 million, or $0.75 per diluted share, for the first quarter of 2019.Â
FIRST QUARTER 2020 COMPANY HIGHLIGHTS:
Income from operations increased 9% year-over-year to $29.7 million.Rental... More