McGrath Rentcorp (MGRC) Reports In-Line Q1 EPS

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Go back to McGrath Rentcorp (MGRC) Reports In-Line Q1 EPS

McGrath RentCorp Announces Results for First Quarter 2016

May 3, 2016 4:01 PM EDT

Rental revenues increase 2% Net income down 4% EPS increases 4% to $0.27 for the quarter

LIVERMORE, Calif., May 03, 2016 (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, 2016 of $93.7 million, an increase of 4%, compared to $90.2 million in the first quarter of 2015.  The Company reported net income of $6.6 million, or $0.27 per diluted share for the first quarter of 2016, compared to net income of $6.8 million, or $0.26 per diluted share, in the first quarter of... More