McGrath: Fourth Quarter Financial Overview

McGrath RentCorp Reports Strong Fourth Quarter Earnings

McGrath RentCorp, headquartered in Livermore, California, announced a net profit of $49.8 million for the fourth quarter.

The company’s earnings translated to $2.02 per share, surpassing the $1.74 per share consensus forecast from three analysts polled by Zacks Investment Research.

During the quarter, McGrath RentCorp, which specializes in business-to-business rentals, generated $256.8 million in revenue.

For the entire fiscal year, the company achieved a total profit of $156.3 million, or $6.35 per share, with annual revenue reaching $944.2 million.

Looking ahead, McGrath RentCorp anticipates full-year revenue to fall between $945 million and $955 million.