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 Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

MSC Industrial Direct

Snap-on

This market bubble continues to grow ever more irrational and dangerous, at least for investors with subpar portfolio construction, low quality companies, and poor risk management.

3 Fast-Growing High-Yield Blue-Chips Retirees Can Safely Buy In This Market Bubble

McGrath is one of the best dividend growth blue chips you've never heard of.

McGrath RentCorp: A Great Dividend-Growth Stock You Might Not Know About

Carlisle Companies

The 3 Best Fast-Growing Dividend Aristocrats Retirees Can Safely Buy Today

LIVERMORE, Calif., July  01, 2020  (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its second quarter ending June 30, 2020, after the close of regular market trading on Wednesday, July 29, 2020.

McGrath RentCorp Sets Second Quarter 2020 Financial Results Date and Time

Hexcel

Kansas City Southern

Lennox International

Insperity

The following companies have grown their earnings per share over a three-year period.

6 Industrial Stocks Boosting Earnings

McGrath RentCorp (MGRC) CEO Joe Hanna on Q1 2020 Results - Earnings Call Transcript

McGrath (MGRC) delivered earnings and revenue surprises of 10.96% and 3.40%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

McGrath (MGRC) Surpasses Q1 Earnings and Revenue Estimates

LIVERMORE, Calif., April  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 March 31, 2020 of $129.5 million, an increase of 6%, compared to the first quarter of 2019.  The Company reported net income of $20.2 million, or $0.81 per diluted share, for the first quarter of 2020, compared to net income of $18.4 million, or $0.75 per diluted share, for the first quarter of 2019. 

McGrath RentCorp Announces Results for First Quarter 2020

McGrath (MGRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: McGrath (MGRC) Q1 Earnings Expected to Decline

LIVERMORE, Calif., April  03, 2020  (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ:MGRC) (the “Company”), a diversified business-to-business rental company, announced today that it has entered into a new $250 million note purchase and private shelf agreement with Prudential Private Capital.  In addition to the current $40 million Series B Senior Notes and $60 million Senior C Senior Notes outstanding, the new agreement allows for the issuance of up to an additional $150 million of senior notes on terms to be determined at such time that any additional notes are issued.

McGrath RentCorp Announces New Private Shelf Agreement

LIVERMORE, Calif., April  01, 2020  (GLOBE NEWSWIRE) -- McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced that it has renewed its $420 million credit facility with a syndicate of banks.  The five year facility matures on March 31, 2025 and replaces the Company’s existing $420 million line of credit.  BofA Securities, Inc. served as Sole Bookrunner and Joint Lead Arranger.  Bank of America, N.A. served as Administrative Agent, U.S. Bank National Association served as Joint Lead Arranger and Syndication Agent, and MUFG Union Bank N.A. and Wells Fargo Bank, N.A. served as Syndication Agents.

McGrath RentCorp Announces Renewal of $420 Million Financing

McGrath (MGRC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Looking for a Growth Stock? 3 Reasons Why McGrath (MGRC) is a Solid Choice

McGrath RentCorp (MGRC) CEO Joe Hanna on Q4 2019 Results - Earnings Call Transcript

McGrath (MGRC) delivered earnings and revenue surprises of 21.59% and 8.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

McGrath (MGRC) Surpasses Q4 Earnings and Revenue Estimates

PC Connection

FUJIFILM Holdings Corp

H&R Block

Simply Good Foods

Economic strength and stability are expected to make these stocks even more attractive in 2020.

5 Stocks From Top-Ranked Industries You Should Own in 2020

Allstate

D.R. Horton

Lithia Motors

SS&C Technologies Hlds

With the bull market raging on, dividend stocks seem a better bet for 2020.

5 Top-Ranked Dividend Growth Stocks for 2020

Booz Allen Hamilton Hld

ResMed

United Technologies

Although the dividend growth stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock.

5 Dividend Stocks That Possess Strong Growth Potential

LIVERMORE, Calif., Dec.  05, 2019  (GLOBE NEWSWIRE) -- On December 4, 2019, the Board of Directors of McGrath RentCorp (NASDAQ:MGRC), a diversified business-to-business rental company declared a quarterly cash dividend of $0.375 per common share for the quarter ended December 31, 2019. The dividend will be payable on January 31, 2020 to all shareholders of record on January 17, 2020, not December 17, 2019 as previously announced. The year 2019 marks the 28th consecutive year that McGrath RentCorp has raised its dividend to shareholders.  

CORRECTION - McGrath RentCorp Quarterly Dividend Record Date

LIVERMORE, Calif., Dec.  04, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of McGrath RentCorp (NASDAQ:MGRC), a diversified business-to-business rental company declared a quarterly cash dividend of $0.375 per common share for the quarter ended December 31, 2019.  The dividend will be payable on January 31, 2020 to all shareholders of record on December 17, 2019.  The year 2019 marks the 28th consecutive year that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp Declares  - Quarterly Dividend

FTI Consulting

Huron Consulting Group

Select Medical Holdings

Tenet Healthcare

The ISM Services index clearly reflects that the U.S. economy has sustained its momentum despite lingering trade conflict and global economic slowdown.

ISM Services Index Rebounds in October: 5 Top-Ranked Picks

McGrath RentCorp (MGRC) CEO Joe Hanna on Q3 2019 Results - Earnings Call Transcript

LIVERMORE, Calif., Oct.  22, 2019  (GLOBE NEWSWIRE) -- McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Baird 2019 Global Industrial Conference at the Four Seasons in Chicago, IL on Tuesday, November 5th.  Company management will be presenting at 12:30 p.m. CT.

McGrath RentCorp to Present at the Baird 2019 Global Industrial Conference

LIVERMORE, Calif., Sept.  11, 2019  (GLOBE NEWSWIRE) -- McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Sidoti & Company, LLC Fall Investor Conference at the Grand Hyatt in New York, NY on Wednesday, September 25th.  The Company will be presenting at 10:55 a.m. ET.

McGrath RentCorp to Present at the Sidoti & Company, LLC Fall Investor Conference

LIVERMORE, Calif., Sept.  04, 2019  (GLOBE NEWSWIRE) -- McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the D.A. Davidson 18th Annual Diversified Industrials & Services Conference at the Palmer House Hilton in Chicago, IL on Wednesday, September 18th.  The Company will be presenting at 1:00 p.m. CT.

McGrath RentCorp to Present at the D.A. Davidson 18th Annual Diversified Industrials & Services Conference

Does McGrath (MGRC) have what it takes to be a top stock pick for momentum investors? Let's find out.

News for McGrath RentCorp Stock (MGRC)