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McGrath RentCorp discloses FY'18 guidance

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.