McGrath Rentcorp (MGRC) Tops Q1 EPS by 5c

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Go back to McGrath Rentcorp (MGRC) Tops Q1 EPS by 5c

McGrath RentCorp Announces Results for First Quarter 2022

April 28, 2022 4:01 PM EDT

LIVERMORE, Calif.--(BUSINESS WIRE)-- McGrath RentCorp (NASDAQ: MGRC) (the Company), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2022 of $145.4 million, an increase of 20%, compared to the first quarter of 2021. The Company reported net income of $18.8 million, or $0.77 per diluted share, for the first quarter of 2022, compared to net income of $17.4 million, or $0.71 per diluted share, for the first quarter of 2021.

FIRST QUARTER 2022 COMPANY HIGHLIGHTS:

Rental revenues increased 21% year-over-year to $104.2 million. Total revenues increased 20% year-over-year to $145.4... More