Mobile Mini Posts Mixed Q2

Mobile Mini reported Friday lower-than-expected earnings for Q2 despite forecast-beating revenues. Diluted EPS was $0.24, down from last year’s $0.25, missing the Capital IQ consensus of $0.26. Revenues grew to $126.7 million from $123.5 million, exceeding the mean estimate of $126 million compiled by Capital IQ.

For the company’s outlook, CEO Erik Olsson 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.” The company will be paying a cash dividend of $0.227 per common share on Aug. 30 to shareholders of record on Aug. 16.

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