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Sep 30, 2022
McGrath RentCorp Q3 2022 Earnings Report
McGrath RentCorp's Q3 2022 revenues increased due to robust performance in both rental operations and sales revenues with healthy demand across each of its rental segments.
Key Takeaways
McGrath RentCorp announced total revenues for Q3 2022 of $200.5 million, a 16% increase compared to Q3 2021. The company reported a net income of $30.6 million, or $1.25 per diluted share, for Q3 2022, compared to a net income of $23.3 million, or $0.95 per diluted share, for Q3 2021.
Rental revenues increased 15% to $118.4 million.
Total revenues increased 16% to $200.5 million.
Adjusted EBITDA increased 13% to $74.7 million.
Dividend rate increased 5% to $0.455 per share for Q3 2022.
Revenue by Segment
Forward Guidance
For the full-year 2022, the Company expects: • Total revenue: $720 to $735 million • Adjusted EBITDA1, 2: $274 to $280 million • Gross rental equipment capital expenditures: $168 to $174 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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