McGrath RentCorp disclosed its financial guidance for 2018 and its results for the fourth quarter and full year 2017.

It expects 2018 operating profit to increase between 8% and 12% over 2017.

The company also reported net income of $117.7 million, or $4.82 per share, for the fourth quarter of 2017, up from $9.7 million, or 40 cents per share, in the prior-year quarter.

Net income for full year 2017 was $153.9 million, or $6.34 per share, higher than $38.3 million, or $1.60 per share, in 2016.