McGrath Rentcorp (MGRC) Misses Q2 EPS by 7c, Revenue Beats

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Go back to McGrath Rentcorp (MGRC) Misses Q2 EPS by 7c, Revenue Beats

McGrath RentCorp Announces Results for Second Quarter 2021

August 3, 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 June 30, 2021 of $146.4 million, an increase of 6%, compared to the second quarter of 2020. The Company reported net income of $20.6 million, or $0.84 per diluted share, for the second quarter of 2021, compared to net income of $22.5 million, or $0.92 per diluted share, for the second quarter of 2020.

SECOND QUARTER 2021 COMPANY HIGHLIGHTS:

Rental revenues increased 10% year-over-year to $94.6 million. Total revenues increased 6%... More