Mobile Mini, Inc. (NASDAQ:MINI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Mobile Mini, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 125% to $0.27 in the quarter versus EPS of $0.12 in the year-earlier quarter.
Revenue: Rose 11.35% to $97.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mobile Mini, Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.22. It beat the average revenue estimate of $93.89 million.
Quoting Management: Erik Olsson, Mobile Mini’s President and Chief Executive Officer commented, “The year started on a strong note. Looking ahead, we anticipate that we will continue to generate comparable period growth in leasing revenues through the balance of 2013 which, with our strong operating leverage, should translate into year-over-year EBITDA margin expansion. We see additional opportunity to increase our utilization as we more deeply penetrate our existing markets and expand into new ones. We have a great team of dedicated people focused on delivering outstanding service to our customers, and I am looking forward to working with them as we take Mobile Mini into its next phase of growth.”
Key Stats (on next page)…