MGRC Q4 2023 Earnings — McGrath RentCorp Revenue & Financial Results | Market Cap Arena

MGRCMcGrath RentCorp

$3B

Q4 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$222M+21.2% YoY

Gross Profit

$110M49.7% margin

Operating Income

$56M25.1% margin

Net Income

$32M14.4% margin

EPS (Diluted)

$1.30

QoQ Revenue Growth

-9.0%

Cash Flow

Operating Cash Flow

-$24M

Free Cash Flow

-$109M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.3B

Stockholders' Equity

$934M

Cash & Equivalents

$877,000

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$222M	$183M	+21.2%
Gross Profit	$110M	$81M	+36.6%
Operating Income	$56M	$53M	+5.6%
Net Income	$32M	$40M	-19.2%

Revenue Segments

Portable Storage

$101M46%

Mobile Modular

$76M35%

Trs Ren Telco

$35M16%

Enviroplex

$6M3%