McGrath RentCorp

McGrath RentCorp engages in the provision of business-to-business rental services. It operates through the following segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment operates for its modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Adler Tanks segment operates for its containment solutions for the storage of hazardous and non-hazardous liquids and solids. The Enviroplex segment operates for its classroom manufacturing business selling modular buildings used primarily as classrooms in California. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.

Earnings data Q1 2021

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McGrath RentCorp reports robust Q4 growth and optimistic 2023 outlook

McGrath RentCorp's Q4 2022 performance showcased strong growth across key financial metrics and segments, setting a positive tone for 2023.
The company's strategic initiatives, financial stability, and outlook for healthy demand indicate a promising path for future expansion and success.
While challenges in maintaining growth and managing expenditures exist, McGrath's focus on operational excellence and customer value underpins its resilience.
Opportunities for growth through market expansion, new services, and customer-centric strategies position McGrath well for continued success and value creation.

McGrath RentCorp reports robust Q1 earnings and strategic growth focus

McGrath RentCorp's Q1 2023 performance reflects strong revenue and EBITDA growth, driven by success across key business segments.
Strategic acquisitions, integration efforts, and a focus on modular segment expansion underscore MGRC's commitment to sustainable growth.
While facing challenges like softening chip demand, MGRC's proactive approach and operational efficiency position it well for future opportunities.
With an enhanced full-year outlook and clear growth strategy, McGrath RentCorp is poised to navigate market dynamics and capitalize on its strengths.

McGrath RentCorp excels in Q2, eyes modular growth opportunities

McGrath RentCorp's Q2 2023 performance reflects strong growth driven by modular business and strategic investments.
Challenges in the semiconductor sector and limited retail operations are areas to monitor for future developments.
The company's focus on custom work, acquisitions, and operational efficiency positions it well for sustained success.
Overall, McGrath RentCorp's outlook remains positive with a clear path for growth and profitability.

McGrath RentCorp (MGRC) reports stellar Q3 results and optimistic outlook

McGrath RentCorp's strategic focus on Modular business paid off with significant revenue and EBITDA growth. While facing challenges in TRS-RenTelco, the company is optimistic about future demand and growth prospects. Continued integration efforts and market opportunities position MGRC for a promising outlook.

McGrath RentCorp posts strong Q4 results, announces transformative merger

McGrath RentCorp delivered strong financial results in Q4 2023, driven by robust performance in rental and sales revenue. While challenges were seen in TRS-RenTelco, opportunities for growth and synergies emerged from the successful Vesta integration and the transformative merger with WillScot Mobile Mini.

McGrath RentCorp posts strong Q1 results amidst pending merger

McGrath RentCorp delivered a strong Q1 performance driven by Mobile Modular's rental revenue growth and record backlog. Challenges include TRS-RenTelco's revenue decline and uncertainties related to the pending merger. Opportunities lie in leveraging the merger for synergies and addressing industry weaknesses.

McGrath RentCorp reports solid Q2 performance amidst pending merger

McGrath RentCorp delivered a resilient performance in Q2 2024, driven by growth in rental and sales revenues across divisions.
Despite headwinds in certain segments, the company remains focused on operational excellence and strategic initiatives for sustained growth.
Investors are optimistic about McGrath RentCorp's future, evident from shareholder approval of the merger and the company's commitment to solid execution.

McGrath RentCorp reports strong Q3 results amidst market challenges

McGrath RentCorp navigated challenges and capitalized on strengths in Q3 2024.
Focus on debt reduction, M&A strategy, and internal hiring post-merger termination.
Despite revenue declines in certain segments, positive outlook for growth in modular business.
Plans to address uncertainties in demand environment and review Q4 results for strategic insights.

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McGrath RentCorp engages in the provision of business-to-business rental services. It operates through the following segments: Mobile Modular, TRS-RenTelco, Portable Storage, and Enviroplex. The Mobile Modular segment is engaged in modular building and portable storage. The TRS-RenTelco segment includes operations for its electronic test equipment. The Portable Storage segment includes rental inventory consisting of steel containers used to provide a temporary storage solution that is delivered to the customer’s location and addresses the need for secure, temporary storage with immediate access to the unit. The Enviroplex segment involves the classroom manufacturing business selling modular buildings used primarily as classrooms in California. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (the “Company”) today announced it has completed its previously announced acquisition of Design Space Modular Buildings PNW, LP (“Design Space”), for a cash purchase price of $260 million, subject to certain adjustments. Design Space is a leading modular building and portable storage provider in the Western U.S. and its network of 15 branches and over 100 employees serves diverse end markets, including construction, government, education and

McGrath RentCorp Completes Acquisition of Design Space Modular Buildings

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp today announced that it has signed a definitive agreement under which it will acquire Design Space Modular Buildings PNW, LP (“Design Space”), for a cash purchase price of $260 million, subject to certain adjustments. The transaction is expected to be accretive to EPS and free cash flow upon close. Design Space is a leading modular building and portable storage provider in the Western U.S. Its network of 15 branches and over 100 employees ser

McGrath RentCorp to Acquire Design Space Modular Buildings

McGrath RentCorp's (MGRC) CEO Joe Hanna on Q1 2021 Results - Earnings Call Transcript

McGrath (MGRC) delivered earnings and revenue surprises of 0.00% and -2.81%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

McGrath (MGRC) Q1 Earnings Match Estimates

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2021 of $121.2 million, a decrease of 6%, compared to the first quarter of 2020. The Company reported net income of $17.4 million, or $0.71 per diluted share, for the first quarter of 2021, compared to net income of $20.2 million, or $0.81 per diluted share, for the first quarter of 2020. FIRST QUAR

McGrath RentCorp Announces Results for First Quarter 2021

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Oppenheimer Virtual 16th Annual Industrial Growth Conference Tuesday, May 4th. The Company will be presenting at 3:00 p.m. ET. A simultaneous webcast and presentation slides will be available in the Investor Relations section of the Company's website at https://investors.mgrc.com/events-and-presentations. A replay will be availabl

McGrath RentCorp to Present at the Oppenheimer Virtual 16th Annual Industrial Growth Conference

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level. The purchase of Kitchens To Go fits into Mobile Modular's product offering to expand c

McGrath RentCorp Acquires Modular Kitchen Rental Company

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LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its first quarter ending March 31, 2021, after the close of regular market trading on Wednesday, April 28, 2021. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. There will also be a live Q&A session. The conference ca

McGrath RentCorp Sets First Quarter 2021 Financial Results Date and Time

McGrath RentCorp is the leading portable building supplier in California, and California is McGrath's largest market for temporary classrooms and other space needs related to education. The company may be impacted in 2021 by the physical closure of school districts. Yet, the long-term drivers in the education market remain, especially in California.

McGrath RentCorp: California Bond Funds Should Continue To Flow

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LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Sidoti & Company, LLC Spring 2021 Virtual Conference Thursday, March 25th. The Company will be presenting at 1:00 p.m. ET. A simultaneous webcast and presentation slides will be available in the Investor Relations section of the Company's website at https://investors.mgrc.com/events-and-presentations. A replay will be availabl

McGrath RentCorp to Present at the Sidoti & Company, LLC Spring 2021 Virtual Conference

McGrath RentCorp (MGRC) CEO Joe Hanna on Q4 2020 Results - Earnings Call Transcript

McGrath (MGRC) delivered earnings and revenue surprises of 25.74% and 2.75%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

McGrath (MGRC) Q4 Earnings and Revenues Surpass Estimates

Shares of McGrath RentCorp (NASDAQ:MGRC) fell 2.4% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 18.69% year over year to $1.27, which beat the estimate of $1.03.

Recap: McGrath RentCorp Q4 Earnings

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended December 31, 2020 of $149.0 million, an increase of 1%, compared to the fourth quarter of 2019. The Company reported net income of $31.2 million, or $1.27 per diluted share, for the fourth quarter of 2020, compared to net income of $26.4 million, or $1.07 per diluted share, for the fourth quarter of 2019. Tot

McGrath RentCorp Announces Results for Fourth Quarter 2020

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced that it has publicly launched a new Corporate Responsibility landing page on the Company's website to highlight McGrath's long-standing commitment to Corporate Responsibility. The new Corporate Responsibility landing page, together with complementary enhancements elsewhere across the Company's website, provide streamlined navigation to related r

McGrath RentCorp Unveils Corporate Responsibility Feature on Website

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its fourth quarter ending December 31, 2020, after the close of regular market trading on Tuesday, February 23, 2021. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. There will also be a live Q&A session. The conferen

McGrath RentCorp Sets Fourth Quarter 2020 Financial Results Date and Time

LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced the appointment of Smita Conjeevaram to the Company's Board of Directors. Ron Zech, Chairman of McGrath RentCorp's Board stated: “We are very pleased to welcome Smita to our Board. She is not only an accomplished leader with an extensive background as an executive in finance, she also has a global perspective and track-record of success in guidi

McGrath RentCorp Announces Smita Conjeevaram Elected to Board

McGrath RentCorp touts its business is resilient through downturns. It reported 2020 third-quarter results on October 29th, proving the claim. Year-to-date, revenue and net income are essentially flat while adjusted EBITDA and diluted earnings per share have inched higher.

McGrath RentCorp: Little Left To Prove

McGrath RentCorp's (MGRC) CEO Joe Hanna on Q3 2020 Results - Earnings Call Transcript

McGrath (MGRC) delivered earnings and revenue surprises of 21.05% and 4.30%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

McGrath (MGRC) Q3 Earnings and Revenues Surpass Estimates

Shares of McGrath RentCorp (NASDAQ:MGRC) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 12.88% year over year to $1.15, which beat the estimate of $1.02.

McGrath RentCorp: Q3 Earnings Insights

LIVERMORE, Calif., Oct. 29, 2020 (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended September 30, 2020 of $156.4 million, a decrease of 10%, compared to the third quarter of 2019. The Company reported net income of $28.1 million, or $1.15 per diluted share, for the third quarter of 2020, compared to net income of $32.5 million, or $1.32 per diluted share, for the third quarter of 2019.

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