MGRC Q2 2024 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q2 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$213M+4.7% YoY

Gross Profit

$99M46.4% margin

Operating Income

$54M25.6% margin

Net Income

$21M9.7% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

+13.2%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$8M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.4B

Stockholders' Equity

$954M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$213M	$203M	+4.7%
Gross Profit	$99M	$95M	+4.3%
Operating Income	$54M	$48M	+14.3%
Net Income	$21M	$28M	-26.2%

Revenue Segments

Mobile Modular

$145M67%

Trs Ren Telco

$33M15%

Portable Storage

$24M11%

Enviroplex

$13M6%