McGrath Rentcorp (MGRC) Misses Q3 EPS by 29c
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McGrath RentCorp Announces Results for Third Quarter 2021
October 28, 2021 4:01 PM EDTLIVERMORE, Calif.--(BUSINESS WIRE)-- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended September 30, 2021 of $173.3 million, an increase of 11%, compared to the third quarter of 2020. The Company reported net income of $23.3 million, or $0.95 per diluted share, for the third quarter of 2021, compared to net income of $28.1 million, or $1.15 per diluted share, for the third quarter of 2020.
THIRD QUARTER 2021 COMPANY HIGHLIGHTS:
Rental revenues increased 17% year-over-year to $103.3 million. Total revenues increased 11% year-over-year to $173.3... More