MCGRATH RENTCORP (MGRC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Mobile Modular				301.0	254.6	231.3	209.5	184.3
TRS- RenTelco				131.5	118.7	108.0	108.6	115.0
Adler Tanks				97.9	96.1	91.4	83.8	94.6
Enviroplex				39.8	29.0	31.4	22.1	11.5
Total revenues [+]	155.2	128.8	128.4	570.2	498.3	462.0	424.1	404.5
Products								55.4
Lease / rental							271.4	273.7
Other								2.1
Revenue growth [+]	20.5%	0.3%	-77.5%	14.4%	7.9%	8.9%	4.8%	-0.9%
Mobile Modular				18.2%	10.1%	10.4%	13.7%	14.1%
TRS- RenTelco				10.8%	9.8%	-0.5%	-5.6%	-10.4%
Adler Tanks				1.9%	5.1%	9.0%	-11.4%	-6.1%
Enviroplex				37.1%	-7.4%	41.8%	91.9%	-39.4%
Cost of goods sold [+]	210.7	169.7	154.8	304.1	265.1	576.9	540.0	589.0
Cost of product sales								36.8
Other cost of sales	116.8	91.1	73.8	79.4	68.7	65.5	60.1	58.5
Depreciation								75.2
Real estate or leased property costs						195.4	191.4	190.9
Gross profit	-55.5	-40.9	-26.5	266.2	233.3	-114.8	-115.9	-184.5
Gross margin	-35.8%	-31.8%	-20.6%	46.7%	46.8%	-24.9%	-27.3%	-45.6%
Selling, general and administrative				124.8	115.8	111.6	104.9	100.0
Other operating expenses						-321.2	-300.0	-361.4
EBITDA [+]	55.8	65.8	68.2	230.8	199.5	173.2	160.4	161.2
EBITDA growth	-15.1%	-3.5%	-70.5%	15.7%	15.2%	7.9%	-0.5%	-3.6%
EBITDA margin	36.0%	51.1%	53.1%	40.5%	40.0%	37.5%	37.8%	39.9%
Depreciation	105.4	100.8	94.4	88.6	81.1	77.5	80.3	83.4
EBITA	-49.6	-35.0	-26.3	142.3	118.4	95.6	80.2	77.9
EBITA margin	-32.0%	-27.2%	-20.5%	24.9%	23.8%	20.7%	18.9%	19.2%
Amortization of intangibles	5.9	5.9	0.2	0.9	0.9	0.9	0.9	0.9
EBIT [+]	-55.5	-40.9	-26.5	141.4	117.5	94.7	79.3	77.0
EBIT growth	35.7%	54.6%	-118.7%	20.3%	24.0%	19.5%	3.0%	-10.7%
EBIT margin	-35.8%	-31.8%	-20.6%	24.8%	23.6%	20.5%	18.7%	19.0%
Interest expense				12.3	12.3	11.6	12.2	10.1
Interest expense				12.3	12.3	11.6	12.2	10.1
Other income (expense), net [+]	205.5	162.7	158.5	0.1	-0.5	0.3	-0.1	-0.5
Gain (loss) on foreign currency transactions				0.1	-0.5	0.3	-0.1	-0.5
Pre-tax income	150.0	121.8	132.0	129.1	104.7	83.5	66.9	66.4
Income taxes	34.9	32.1	30.1	32.3	25.3	-70.5	28.7	25.9
Tax rate	23.3%	26.3%	22.8%	25.0%	24.2%		42.9%	39.0%
Net income	115.1	89.7	102.0	96.8	79.4	153.9	38.3	40.5
Net margin	74.2%	69.7%	79.4%	17.0%	15.9%	33.3%	9.0%	10.0%

Basic EPS [+]	$4.73	$3.70	$4.22	$3.99	$3.29	$6.41	$1.60	$1.60
Growth	27.7%	-12.3%	5.8%	21.4%	-48.7%	300.7%	0.3%	-9.6%
Diluted EPS [+]	$4.70	$3.66	$4.16	$3.93	$3.24	$6.34	$1.60	$1.59
Growth	28.3%	-12.0%	5.7%	21.5%	-49.0%	297.5%	0.4%	-9.0%

Dividends per share [+]	$1.82	$1.74	$1.68	$1.50	$1.36	$1.04	$1.02	$1.00
Growth	4.6%	3.6%	12.0%	10.3%	30.8%	2.0%	2.0%	2.0%

Shares outstanding (basic) [+]	24.4	24.2	24.2	24.3	24.1	24.0	23.9	25.4
Growth	0.5%	0.3%	-0.4%	0.5%	0.6%	0.4%	-5.8%	-2.1%
Shares outstanding (diluted) [+]	24.5	24.5	24.5	24.6	24.5	24.3	24.0	25.5
Growth	0.0%	-0.1%	-0.4%	0.3%	1.1%	1.2%	-5.8%	-2.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.