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Dec 31, 2022
McGrath RentCorp Q4 2022 Earnings Report
McGrath RentCorp reported strong Q4 2022 results with revenue growth driven by rental operations and sales.
Key Takeaways
McGrath RentCorp's Q4 2022 total revenues increased by 20% to $210.9 million compared to Q4 2021. Net income increased to $39.6 million, or $1.62 per diluted share, compared to $28.4 million, or $1.16 per diluted share, for the fourth quarter of 2021.
Rental revenues increased 16% to $122.8 million.
Total revenues increased 20% to $210.9 million.
Adjusted EBITDA increased 23% to $91.0 million.
Dividend rate of $0.455 per share for the fourth quarter of 2022.
McGrath RentCorp
McGrath RentCorp
McGrath RentCorp Revenue by Segment
Revenue by Segment
Mobile Modular Revenue
CapyFin.comPortable Storage Revenue
CapyFin.comTRS-RenTelco Revenue
CapyFin.comEnviroplex Revenue
CapyFin.com Forward Guidance
For the full-year 2023, the Company expects total revenue between $780 to $810 million and Adjusted EBITDA between $294 to $309 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income