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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 267M | 25.5% |
| Gross Profit | 124M | 19.9% |
| Cost of Revenue | 143M | 30.8% |
| Operating expense | 49M | 19.5% |
| Net Income | 149M | 624.2% |
| EBITDA | 218M | 389.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.29B | 1.4% |
| Total Liabilities | 1.19B | 12.6% |
| Total Equity | 1.09B | 14.7% |
| Shares Outstanding | 25M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 199M | 151.2% |
| Cash from investing | -6.9M | 87.6% |
| Cash from financing | -197M | 1137.2% |
EPS
Financial Highlights for McGrath RentCorp in Q3 '24
McGrath RentCorp reported a revenue of 267M, which is a 25.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 124M, marking a 19.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 143M, a 30.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 49M, showing a -19.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 149M, showing a 624.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 218M, showing a 389.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for McGrath RentCorp with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
