McGrath Rentcorp (MGRC) Declares $0.465 Quarterly Dividend
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McGrath Announces Results for Fourth Quarter 2022 and Announces 32nd Annual Dividend Increase
February 22, 2023 4:01 PM ESTLIVERMORE, Calif.--(BUSINESS WIRE)-- McGrath RentCorp (McGrath or the Company) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended December 31, 2022 of $210.9 million, an increase of 20%, compared to the fourth quarter of 2021. The Company reported net income of $39.6 million, or $1.62 per diluted share, for the fourth quarter of 2022, compared to net income of $28.4 million, or $1.16 per diluted share, for the fourth quarter of 2021.
Total revenues for the year ended December 31, 2022 increased to $733.8 million from $616.8 million in 2021, with adjusted EBITDA increasing $40.2 million, or 16%, to... More
