MGRC Q3 2023 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q3 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$244M+39.7% YoY

Gross Profit

$112M45.8% margin

Operating Income

$67M27.3% margin

Net Income

$40M16.6% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

+19.9%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

-$1M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.2B

Stockholders' Equity

$911M

Cash & Equivalents

$2M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$244M	$174M	+39.7%
Gross Profit	$112M	$69M	+61.4%
Operating Income	$67M	$40M	+66.2%
Net Income	$40M	$31M	+32.1%

Revenue Segments

Mobile Modular

$195M76%

Trs Ren Telco

$39M15%

Enviroplex

$11M4%

Adler Tanks

$9M4%