McGrath Rentcorp (MGRC) Tops Q4 EPS by 24c

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Go back to McGrath Rentcorp (MGRC) Tops Q4 EPS by 24c

McGrath RentCorp Announces Results for Fourth Quarter 2020

February 23, 2021 4:01 PM EST

Company Announces 4% Dividend Increase and 30th Consecutive Year Increase

LIVERMORE, Calif.--(BUSINESS WIRE)-- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended December 31, 2020 of $149.0 million, an increase of 1%, compared to the fourth quarter of 2019. The Company reported net income of $31.2 million, or $1.27 per diluted share, for the fourth quarter of 2020, compared to net income of $26.4 million, or $1.07 per diluted share, for the fourth quarter of 2019.

Total revenues for the year ended December 31, 2020 increased to $572.6 million from $570.2 million in 2019, with... More