McGrath RentCorp Q1 revenue up 20% to $145.4M; EPS $0.77 vs $0.71

MCGRATH RENTCORP

2022-Q1 EPS reported $0.77 revenue$145,373,000

Net income of $18.8M ($0.77 diluted EPS) vs $17.4M ($0.71) prior year.
Rental revenues increased 21% YoY to $104.2M, driven by Modular segment up 32%.
Adjusted EBITDA rose 15% to $56.7M; dividend raised 5% to $0.455/share.
Full-year 2022 guidance: revenue $675-705M, Adj. EBITDA $260-275M, capex $117-127M.
Modular rental revenue growth of 32% includes ~2/3 from acquisitions; organic up 11%.

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