McGrath Rentcorp (MGRC) Tops Q3 EPS by 1c

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Go back to McGrath Rentcorp (MGRC) Tops Q3 EPS by 1c

McGrath RentCorp Announces Results for Third Quarter 2014

October 29, 2014 4:03 PM EDT

Rental revenues increase 6% Net income up 9% EPS increases 10% to $0.53 for the Quarter

LIVERMORE, Calif., Oct. 29, 2014 (GLOBE NEWSWIRE) -- McGrath RentCorp (Nasdaq: MGRC) (the "Company"), a diversified business to business rental company, today announced total revenues for the quarter ended September 30, 2014 of $113.0 million, an increase of 4%, compared to $108.8 million in the third quarter of 2013. The Company reported net income of $13.7 million, or $0.53 per diluted share for the third quarter of 2014, compared to net income of $12.6 million, or $0.48 per diluted share, in the third quarter of 2013.

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