McGrath Rentcorp (MGRC) Tops Q1 EPS by 11c
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McGrath RentCorp Announces Results for First Quarter 2019
April 30, 2019 4:01 PM EDTLIVERMORE, Calif., April 30, 2019 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2019 of $122.0 million, an increase of 16%, compared to the first quarter of 2018. The Company reported net income of $18.4 million, or $0.75 per diluted share, for the first quarter of 2019, compared to net income of $14.5 million, or $0.59 per diluted share, for the first quarter of 2018.Â
FIRST QUARTER 2019 COMPANY HIGHLIGHTS:
Income from operations increased 24% year-over-year to $27.3 million.Rental... More