Mobile Mini, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Consolidated Effective Tax Rate Guidance for the Year 2018
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%.