McGrath RentCorp Announces Results for Second Quarter 2022
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Business Wire
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 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 million.Adjusted EBITDA1 increased 13% to $66.3 million.Dividend rate increased 5% to $0.455 per share for the second quarter of 2022. On an annualized basis, this dividend represents a 2.2% yield on the July 27, 2022 close price of $81.18 per share.Joe Hanna, President and CEO of McGrath RentCorp, made the following comments regarding these results and future
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News
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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- McGrath Sets First Quarter 2024 Financial Results Date and TimeBusiness Wire
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
MGRC
Earnings
- 2/21/24 - Miss
MGRC
Sec Filings
- 4/16/24 - Form 10-K/A
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- MGRC's page on the SEC website