McGrath Rentcorp (MGRC) Tops Q2 EPS by 17c
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McGrath RentCorp Announces Results for Second Quarter 2022
July 28, 2022 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 June 30, 2022 of $177.0 million, an increase of 21%, compared to the second quarter of 2021. The Company reported net income of $26.1 million, or $1.07 per diluted share, for the second quarter of 2022, compared to net income of $20.6 million, or $0.84 per diluted share, for the second quarter of 2021.
SECOND QUARTER 2022 YEAR-OVER-YEAR COMPANY HIGHLIGHTS:
Rental revenues increased 17% to $110.6 million. Total revenues increased 21% to $177.0... More