MGRC Q3 2024 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q3 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$267M+9.5% YoY

Gross Profit

$124M46.5% margin

Operating Income

$75M28.0% margin

Net Income

$149M56.0% margin

EPS (Diluted)

$6.08

QoQ Revenue Growth

+25.5%

Cash Flow

Operating Cash Flow

$199M

Free Cash Flow

$171M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.2B

Stockholders' Equity

$1.1B

Cash & Equivalents

$4M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$267M	$244M	+9.5%
Gross Profit	$124M	$112M	+11.2%
Operating Income	$75M	$67M	+12.2%
Net Income	$149M	$40M	+269.9%

Revenue Segments

Mobile Modular

$191M68%

Trs Ren Telco

$35M12%

Enviroplex

$31M11%

Portable Storage

$23M8%