General Finance Corporation (NASDAQ: GFN) reported its financial results for Q4 and fiscal year ending June 30, 2020. Total revenues decreased to $84.5 million, a decline from $96.2 million YoY. Adjusted EBITDA fell to $22.7 million. The net loss was $0.7 million, influenced by a $14.2 million goodwill impairment charge. Leasing revenues in core products increased by 6% in North America, while total leasing revenues were $50.4 million. The company entered four new markets and generated positive cash flow, preparing for fiscal 2021 with a revenue estimate of $305 million to $325 million.
General Finance Corporation (NASDAQ: GFN) will release its financial results for the fourth quarter and fiscal year ended June 30, 2020, on September 9, 2020, prior to market opening. A conference call to discuss the operating results will take place at 8:30 AM Pacific Time. U.S. participants can dial (866) 901-5096, and international participants may call (706) 643-3717, using conference ID 1093225. The Company provides specialty rental services, including portable storage, modular space, and liquid containment solutions across North America and the Asia-Pacific region.
General Finance Corporation (NASDAQ: GFN) announced a cash dividend of $2.30 per share for its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock, marking the twenty-ninth payment. This dividend is declared for the period from April 30, 2020 to July 30, 2020, and is payable on July 31, 2020 to preferred stockholders on record as of July 30, 2020. General Finance provides specialty rental services, including portable storage and modular space solutions, with operations in North America and the Asia-Pacific region.
General Finance Corporation (NASDAQ: GFN) reported Q3 and YTD 2020 financial results ending March 31, 2020. Total revenues for Q3 were $90 million, up from $86.2 million year-over-year, while leasing revenues totaled $57.8 million, a decrease from $59.6 million in Q3 2019. Adjusted EBITDA was $23.6 million, down from $24.1 million in the same quarter last year. Net loss attributable to shareholders was $9.5 million, or $0.32 per diluted share, compared to a loss of $1.3 million, or $0.04 per share, for Q3 2019. Management expects FY 2020 consolidated revenues between $347 million to $355 million, reflecting COVID-19 impacts.