Mobile Min Q4 Profit Rises

(RTTNews) - Mobile Mini, Inc. (MINI) reported net income of $92.1 million, or $2.07 per share, in the fourth quarter of 2017, as compared to net income of $19.5 million, or $0.44 per share, for the fourth quarter of 2016.

On an adjusted basis, fourth quarter net income was $18.1 million, or $0.41 per diluted share, as compared to adjusted net income of $21.2 million, or $0.48 per diluted share, for the fourth quarter of 2016.

Total revenues were $146.7 million and rental revenues were $138.5 million, as compared to $130.4 million and $124.2 million, respectively, for the same period last year.

Rental revenues for the Storage Solutions and Tank & Pump Solutions businesses for the current quarter were $112.8 million and $25.7 million, respectively.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share and revenues of $140.62 million. Analysts' estimates typically exclude special items. The Company's Board of Directors declared a cash dividend of 25.0 cents per share, which will be paid on March 14, 2018 to shareholders of record on February 28, 2018.