McGrath Rentcorp (MGRC) Misses Q1 EPS by 6c

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Go back to McGrath Rentcorp (MGRC) Misses Q1 EPS by 6c

McGrath RentCorp Announces Results for First Quarter 2021

April 28, 2021 4:01 PM EDT

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 March 31, 2021 of $121.2 million, a decrease of 6%, compared to the first quarter of 2020. The Company reported net income of $17.4 million, or $0.71 per diluted share, for the first quarter of 2021, compared to net income of $20.2 million, or $0.81 per diluted share, for the first quarter of 2020.

FIRST QUARTER 2021 COMPANY HIGHLIGHTS:

Rental revenues decreased 4% year-over-year to $86.1 million. Total revenues decreased 6% year-over-year to $121.2... More