General Finance Corporation Reports Second Quarter Results for Fiscal Year 2020
GENERAL FINANCE (GFN)
Last general finance earnings: 2/10 08:30 am
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US:NASDAQ Investor Relations:
generalfinance.com
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Source: GlobeNewswire
PASADENA, Calif., Feb. 10, 2020 (GLOBE NEWSWIRE) -- General Finance Corporation (NASDAQ: GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand (the “Company”), today announced its consolidated financial results for the second quarter and six months (“YTD”) ended December 31, 2019. Second Quarter 2020 Highlights Leasing revenues, excluding the oil and gas sector and foreign currency exchange rates, increased by 9%.Leasing revenues were $60.8 million, compared to $63.5 million for the second quarter of fiscal year 2019. Leasing revenues comprised 67% of total non-manufacturing revenues for both periods. Total revenues were $92.1 million, compared to $98.0 million for the second quarter of fiscal year 2019.Adjusted EBITDA was $26.4 million, compared to $29.7 million for the second quarter of fiscal year 2019.Adjusted EBITDA margin was 29%,
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