Mobile Mini Q2 Profit Surges

(RTTNews) - Mobile Mini Inc. (MINI) Friday announced a more than double increase in second quarter net profit to $8.777 million from $4.07 million a year ago. On a per share basis, earnings were $0.20 from $0.09 in the prior year. On an adjusted basis, second quarter net income was $10.4 million, or $0.24 per share.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.26 per share. Analysts estimates usually exclude special items.

The supplier of portable storage solutions and a provider of tank and pump solutions reported total revenue of $126.69 million, up from $124.85 million in the previous year. Wall Street expected $126.02 million.

Erik Olsson, Mobile Mini's President and Chief Executive Officer said, "Our outlook for Tank & Pump remains positive for the rest of 2017, although both market fluctuations and the timing of our customers' projects introduce variability into year-over-year comparisons."