MGRC Q1 2024 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q1 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$188M+14.7% YoY

Gross Profit

$88M47.1% margin

Operating Income

$43M22.8% margin

Net Income

$23M12.2% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

-15.2%

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

-$44M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.3B

Stockholders' Equity

$943M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$188M	$164M	+14.7%
Gross Profit	$88M	$77M	+14.3%
Operating Income	$43M	$20M	+115.4%
Net Income	$23M	$13M	+78.9%

Revenue Segments

Mobile Modular

$128M68%

Trs Ren Telco

$34M18%

Portable Storage

$25M13%

Enviroplex

$2M1%