The market sometimes views a blow-out earnings report with enthusiasm, sometimes with skepticism and, just as often, with a mix of both. It will be interesting to see what the market does with McGrath RentCorp’s (MGRC) latest release.Source
On February 26th, the business-to-business rental equipment provider reported revenue of $498.3 million, an 8% improvement over 2017. Earnings per share were $3.24 for the full year. This compares to $2.11 in 2017 exclusive of the benefit of tax reform which added $4.20 per share.
The blow-out number from the report was