McGrath RentCorp Reports Fourth Quarter and Full-Year Financial Results
Livermore, CA - McGrath RentCorp (MGRC) announced a net income of $38.9 million for the fourth quarter of 2023, equating to $1.58 per share. The business-to-business rental company generated revenue of $243.7 million during the quarter.
For the full year, McGrath RentCorp reported a net income of $231.7 million or $9.43 per share, with revenue reaching $910.9 million.
Looking ahead, the company anticipates full-year revenue in the range of $920 million to $970 million.