Profit Woes Plague Mobile Mini
Storage is a major need for businesses in nearly every industry in the economy, and Mobile Mini (NASDAQ: MINI) has sought to offer its clients an easy solution for their storage needs. Yet Mobile Mini does a substantial amount of business in the energy industry, and the volatile conditions in the oil and gas sector over the past several years have posed a challenge for the storage specialist as some of its most important customers go through struggles of their own.
Coming into Friday's third-quarter financial report, Mobile Mini investors wanted to see at least modest growth in the company's key financial metrics. Although Mobile Mini once again had a fairly strong performance in driving revenue, its profit fell from year-ago levels, raising concerns about when the storage company will be able to mount a full-fledged turnaround.
Image source: Mobile Mini.
Source: Fool.com
