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For the nine months ended 29 February 2016, Electro Rent Corporation revenues decreased 23% to $136.2M. Net income decreased 53% to $5.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Other income decrease of 99% to $14K (income), Interest income, net decrease from $264K (income) to $385K (expense).
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Total Revenue | 39.5 | 43.31 | 53.34 | 60.41 |
Gross Profit | 28.92 | 32.22 | 33.56 | 34.6 |
Operating Income | 1.71 | 3.45 | 4.19 | 5.58 |
Net Income | 1.01 | 2.19 | 2.47 | 3.44 |
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Total Assets | 287.17 | 285.19 | 292.74 | 300.31 |
Total Liabilities | 62.07 | 58.12 | 65.19 | 72.34 |
Total Equity | 225.1 | 227.07 | 227.55 | 227.98 |
Period Ending: | Feb 29, 2016 | Nov 30, 2015 | Aug 31, 2015 | May 31, 2015 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | 36.2 | 21.48 | 16.65 | 52.62 |
Cash From Investing Activities | -10.13 | -10.22 | -6.29 | -37.68 |
Cash From Financing Activities | -11.87 | -8.7 | -5.65 | -17.37 |
Net Change in Cash | 14.17 | 2.53 | 4.68 | -1.88 |
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