McGrath Rentcorp (MGRC) Tops Q4 EPS by 13c, Revenues Beat; Offers FY20 Revenue Guidance
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McGrath RentCorp Announces Results for Fourth Quarter 2019
February 25, 2020 4:01 PM ESTCompany Announces 12% Dividend Increase; 29th Consecutive Year Increase
LIVERMORE, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended December 31, 2019 of $147.2 million, an increase of 11%, compared to the fourth quarter of 2018. The Company reported net income of $26.4 million, or $1.07 per diluted share, for the fourth quarter of 2019, compared to net income of $24.2 million, or $0.99 per diluted share, for the fourth quarter of 2018.Â
Total revenues for the year ended December 31, 2019 increased to $570.2 million... More
