MGRC Q2 2023 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q2 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$203M+32.4% YoY

Gross Profit

$95M46.6% margin

Operating Income

$48M23.4% margin

Net Income

$28M13.8% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

+24.0%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

-$19M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.2B

Stockholders' Equity

$881M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$203M	$153M	+32.4%
Gross Profit	$95M	$59M	+59.6%
Operating Income	$48M	$33M	+43.6%
Net Income	$28M	$26M	+6.9%

Revenue Segments

Mobile Modular

$164M81%

Trs Ren Telco

$38M19%

Enviroplex

$2M1%