MGRC Q1 2023 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q1 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$164M+30.9% YoY

Gross Profit

$77M47.3% margin

Operating Income

$20M12.1% margin

Net Income

$13M7.8% margin

EPS (Diluted)

$0.47

QoQ Revenue Growth

-10.5%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

-$49M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.2B

Stockholders' Equity

$860M

Cash & Equivalents

$690,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$164M	$125M	+30.9%
Gross Profit	$77M	$50M	+53.8%
Operating Income	$20M	$25M	-21.9%
Net Income	$13M	$19M	-32.0%

Revenue Segments

Mobile Modular

$127M77%

Trs Ren Telco

$36M22%

Enviroplex

$941,0001%