MARKET COMPOSITE
MGRC - McGrath Rentcorp7:59:50 PM 5/6/2024
Price
$110.09
+ 1.09 (1.00%)
McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue187.8MM-15%
Gross Profit93.3MM-15%
Cost Of Revenue22.4MM-43%
Operating Income42.7MM-23%
Operating Expenses50.5MM-
Net Income22.8MM-29%
G&A59.8MM+10%
Stock Chart

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Stock news

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    McGrath RentCorp (NASDAQ:MGRC) Q1 2024 Earnings Call Transcript April 25, 2024 McGrath RentCorp beats earnings expectations. Reported EPS is $0.93, expectations were $0.73. McGrath RentCorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing […]

    MGRC earnings call for the period ending March 31, 2024.

    Significant Revenue and Earnings Growth Highlighted in Recent Earnings Report

    LIVERMORE, Calif., April 25, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024, compared to net income from con

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    McGrath RentCorp (NASDAQ:MGRC) recently announced a dividend of $0.48 per share, payable on 2024-04-30, with the ex-dividend date set for 2024-04-15. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into McGrath RentCorp's dividend performance and assess its sustainability.

    LIVERMORE, Calif., April 04, 2024--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its first quarter ending March 31, 2024, after the close of regular market trading on Thursday, April 25, 2024.

    McGrath RentCorp (NASDAQ:MGRC) Q4 2023 Earnings Call Transcript February 21, 2024 McGrath RentCorp isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Fourth Quarter 2023 Earnings Conference Call. […]

    Q4 2023 McGrath RentCorp Earnings Call