EXHIBIT 99.1
FOR  IMMEDIATE RELEASE
 
 
GENERAL FINANCE CORPORATION REPORTS FOURTH QUARTER AND RECORD RESULTS FOR FISCAL YEAR 2013

Thirteenth Consecutive Quarter of Year-Over-Year Growth in Total Revenues and Adjusted EBITDA

PASADENA, CA – September 9, 2013 – General Finance Corporation (NASDAQ: GFN), the parent company of businesses in the mobile storage, modular space and liquid containment industries (the “Company”), today announced its consolidated financial results for the fourth quarter and the fiscal year ended June 30, 2013. The consolidated results include majority-owned Royal Wolf Holdings Limited (“Royal Wolf”), the leading provider of portable storage solutions in the Asia-Pacific regions of Australia and New Zealand,  wholly-owned Pac-Van, Inc. (“Pac-Van”), a prominent regional provider of portable storage, office and liquid storage tank containers, mobile offices and modular buildings in North America, and 90%-owned Southern Frac, LLC (“Southern Frac”), a domestic manufacturer of portable liquid storage tank containers.
 
Fourth Quarter 2013 Highlights
 
Total revenues were $65.0 million, an increase of 18% over the fourth quarter of fiscal year 2012, and included revenues of $6.1 million at Southern Frac, which was acquired on October 1, 2012.
 
Leasing revenues comprised 52% of total non-manufacturing revenues versus 48% for the fourth quarter of fiscal year 2012.
 
Adjusted EBITDA was $13.0 million, an increase of 10% over the fourth quarter of fiscal year 2012.
 
Adjusted EBITDA margin was 20%, compared to 21% in the fourth quarter of fiscal year 2012.
 
Net income attributable to common shareholders was $0.2 million, or $0.01 per share, which was comparable to the fourth quarter of fiscal year 2012.
 
Average fleet unit utilization at Royal Wolf was 79%.
 
Average fleet unit utilization at Pac-Van was 75%.
 
Raised $40 million in gross proceeds from a perpetual preferred stock offering.
 
Raised $8 million from exercise of warrants.

Fiscal Year 2013 Highlights
 
Total revenues were $245.5 million, an increase of 16% over fiscal year 2012, and included $19.1 million in revenues at Southern Frac.
 
Leasing revenues comprised 55% of total non-manufacturing revenues versus 49% for fiscal year 2012.
 
Adjusted EBITDA was $53.0 million, an increase of 15% over fiscal year 2012.
 
Net income attributable to common shareholders was $3.5 million, or $0.16 per share, compared to $2.4 million, or $0.11 per share, for fiscal year 2012, an increase of over 45%.
 
Lease fleet totaled 54,259 units at year end, an increase of 11% from 48,888 units at June 30, 2012.
 
Average fleet unit utilization at Royal Wolf was 82%.
 
Average fleet unit utilization at Pac-Van was 76%.
 
Completed six tuck-in acquisitions.
 
Management Commentary

"We are pleased with the continued operating momentum we experienced in fiscal year 2013 which led to the best annual performance in our history,” said Ronald Valenta, President and Chief Executive Officer of General Finance Corporation. “Both Royal Wolf and Pac-Van delivered improved financial results, with 19% annual increases in leasing revenues at each company, driven by larger numbers of units on lease and generally improved lease rates. Southern Frac, our newly acquired manufacturer of portable liquid storage tank containers, completed the year with positive momentum and continues to be a steady source of business referrals to Pac-Van’s leasing operations. Our strong results validate our capital investment strategy of increasing the size of our lease fleet and executing accretive acquisitions in the attractive container asset class.”

Charles Barrantes, Executive Vice President and Chief Financial Officer, added, “In addition to our record financial results, we are also pleased to have successfully raised additional equity capital during the year. First, with the completion of our $40 million preferred stock offering, and second, with over $8 million in net proceeds from exercises of warrants that were part of our 2010 rights offering. This new capital strengthens our balance sheet and provides flexibility to continue to pursue our growth strategy.”

 
1

The following information was filed by General Finance Corp (GFN) on Monday, September 9, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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