Mobile Mini, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues of $146,696,000 compared to $130,387,000 a year ago. Income from operations was $36,995,000 compared to $34,700,000 a year ago. Income before income tax provision was $27,688,000 compared to $26,500,000 a year ago. Net income was $92,071,000 or $2.07 per diluted share compared to $19,469,000 or $0.44 per diluted share a year ago. EBITDA was $53,435,000 compared to $50,797,000 a year ago. Adjusted total revenues were $146,696,000 compared to $131,533,000 a year ago. Adjusted income from operations was $37,819,000 compared to $37,453,000 a year ago. Adjusted income before income tax provision was $28,512,000 compared to $29,253,000 a year ago. Adjusted net income was $18,068,000 or $0.41 per basic and diluted share compared to $21,182,000 or $0.48 per basic and diluted share a year ago. Adjusted EBITDA was $55,624,000 compared to $54,154,000 a year ago. Net cash provided by operating activities was $39,814,000 compared to $40,223,000 a year ago. Additions to property, plant and equipment, excluding acquisitions were $7,306,000 compared to $4,909,000 a year ago. Net capital expenditures, excluding acquisitions were $21,627,000 compared to $12,497,000 a year ago. Free cash flow was $18,187,000 compared to $27,726,000 a year ago.

For the year, the company reported total revenues of $533,549,000 compared to $533,549,000 a year ago. Income from operations was $109,852,000 compared to $115,361,000 a year ago. Income before income tax provision was $74,124,000 compared to $79,633,000 a year ago. Net income was $122,228,000 or $2.76 per diluted share compared to $51,133,000 or $1.16 per basic and diluted share a year ago. EBITDA was $173,224,000 compared to $184,803,000 a year ago. Adjusted total revenues were $508,622,000 compared to $508,403,000 a year ago. Adjusted income from operations was $113,103,000 compared to $119,711,000 a year ago. Adjusted income before income tax provision was $68,898,000 compared to $86,969,000 a year ago. Adjusted net income was $47,248,000 or $1.06 per diluted share compared to $58,387,000 or $1.32 per basic and diluted share a year ago. Adjusted EBITDA was $176,821,000 compared to $190,376,000 a year ago. Net cash provided by operating activities was $135,646,000 compared to $136,244,000 a year ago. Additions to property, plant and equipment, excluding acquisitions were $20,122,000 compared to $30,659,000 a year ago. Net capital expenditures, excluding acquisitions were $70,006,000 compared to $71,588,000 a year ago. Free cash flow was $65,640,000 compared to $64,656,000 a year ago.

The company estimates that 2018 consolidated effective tax rate will be between 24% and 26%.