Free Research Report as Mobile Mini’s Revenues Jumped 12.5% and EPS Soared 370.5%

LONDON, UK / ACCESSWIRE / February 26, 2018 / Active-Investors.com has just released a free earnings report on Mobile Mini, Inc. (NASDAQ: MINI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MINI. The Company reported its fourth quarter fiscal 2017 operating and financial results on February 02, 2018. The portable storage Company exceeded top- and bottom-line estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Mobile Mini most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MINI

Earnings Highlights and Summary

Mobile Mini’s total revenues jumped 12.5% to $146.7 million compared to $130.4 million in Q4 2016. The Company’s revenue numbers surpassed analysts’ estimates of $141.7 million.

During Q4 2017, Mobile Mini’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $55.62 million compared to $54.15 million in Q4 2016. The Company’s adjusted EBITDA margin was 37.9% for the reported quarter versus 41.2% in the prior year’s comparable quarter.

Mobile Mini recorded a net income of $92.1 million, or $2.07 per diluted share, in Q4 2017 compared to a net income of $19.5 million, or $0.44 per diluted share, for Q4 2016. On an adjusted basis, the Company’s net income was $18.1 million, or $0.41 per diluted share, in the reported quarter compared to an adjusted net income of $21.2 million, or $0.48 per diluted share, for year ago same period. Mobile Mini’s earnings beat Wall Street’s estimates of $0.36 per share.

On December 22, 2017, the US government enacted the Tax Cuts and Jobs Act 2017 (TCJA), which reduces the federal income tax rate from 35% to 21%, effective January 01, 2018, and requires mandatory repatriation of foreign earnings. As a result of the TCJA, the Company re-measured its net deferred tax liabilities and recognized a net benefit of $77.6 million. Additionally, the Company recorded a provisional income tax expense of $3.1 million related to the repatriation of foreign earnings.

Segment Results

During Q4 2017, Mobile Mini’s rental revenues were $138.5 million compared to $124.2 million for Q4 2016.

During Q4 2017, Mobile Mini’s Storage Solutions segment’s rental revenues were $112.8 million, up 11.0% on a y-o-y basis, or 9.8% when adjusted for favorable currency fluctuations, driven by increases in both rental rates and units on rent. The Company’s total Storage Solutions average units on rent grew by 5.3% on a y-o-y basis, with an average utilization of 75.7% and a utilization of 74.1% at December 31, 2017. The segment’s rental rates advanced 4.2% on a y-o-y basis, with rates on new rentals up 5.1%.

For Q4 2017, Mobile Mini’s Tank & Pump Solutions segment’s revenues were $25.7 million for the reported quarter, up 14.2% on a y-o-y basis. The increase was due to the resumption of maintenance at some of its largest customers, as well as an increased activity throughout the segment. The Company improved original equipment cost utilization for Tank & Pump Solutions, averaging 73.0% for the reported quarter versus 62.3% in the prior year’s comparable quarter, and ending the year at 71.2%.

Cash Matters

For Q4 2017, Mobile Mini’s free cash flow was $18.2 million, its 40th consecutive quarter of positive free cash flow.

The Company’s Board of Directors declared a cash dividend of $0.25 per share, which will be paid on March 14, 2018, to shareholders of record as on February 28, 2018.

Outlook

For FY18, Mobile Mini is expecting healthy top-line and adjusted EBITDA growth, expanded margins, and increased free cash flow in FY18. The Company is estimating consolidated effective tax rate to be between 24% and 26% for FY18.

Stock Performance Snapshot

February 23, 2018 – At Friday’s closing bell, Mobile Mini’s stock was marginally up 0.82%, ending the trading session at $43.25.

Volume traded for the day: 158.81 thousand shares.

Stock performance in the last month – up 18.98%; previous three-month period – up 25.18%; past twelve-month period – up 29.69%; and year-to-date – up 25.36%

After last Friday’s close, Mobile Mini’s market cap was at $1.90 billion.

Price to Earnings (P/E) ratio was at 15.72.

The stock has a dividend yield of 2.31%.

The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry. This sector was up 1.3% at the end of the session.

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