MGRC Q2 2022 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q2 2022 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$153M+4.7% YoY

Gross Profit

$59M38.6% margin

Operating Income

$33M21.6% margin

Net Income

$26M17.0% margin

EPS (Diluted)

$1.07

QoQ Revenue Growth

+22.6%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

-$26M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$893M

Stockholders' Equity

$752M

Cash & Equivalents

$874,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$146M	+4.7%
Gross Profit	$59M	$66M	-10.0%
Operating Income	$33M	$30M	+12.0%
Net Income	$26M	$21M	+26.8%

Revenue Segments

Mobile Modular

$111M63%

Trs Ren Telco

$37M21%

Adler Tanks

$24M13%

Enviroplex

$6M3%