CSIMarket Company Name, Ticker, Suppliers, else..
 
Mcgrath Rentcorp  (NASDAQ: MGRC)
Other Ticker:  
 
    Sector • Services    Industry • Rental & Leasing
   Industry • Rental & Leasing
   Sector • Services
 
Price: $120.0900 $-1.31 -1.079%
Day's High: $121.3 Week Perf: -1.29 %
Day's Low: $ 118.82 30 Day Perf: 3.94 %
Volume (M): 160 52 Wk High: $ 130.86
Volume (M$): $ 19,170 52 Wk Avg: $112.76
Open: $121.30 52 Wk Low: $95.50



 Market Capitalization (Millions $) 2,950
 Shares Outstanding (Millions) 25
 Employees 1,204
 Revenues (TTM) (Millions $) 944
 Net Income (TTM) (Millions $) 242
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 162

Mcgrath Rentcorp
McGrath RentCorp is a leading provider of rental solutions in various industries, including education, government, manufacturing, construction, and more. The company offers modular buildings, portable storage units, electronic test equipment, and liquid and solid containment tanks for rent or sale.

The company was founded in 1979 and is headquartered in Livermore, California. It operates in three main segments: Mobile Modular, TRS-RenTelco, and Adler Tanks.

Mobile Modular offers modular buildings for rent or sale, including classrooms, offices, healthcare units, and more. These buildings are customizable and can be built to specific client needs. The company also provides installation and transportation services.

TRS-RenTelco offers electronic test equipment for rent or sale, including oscilloscopes, spectrum analyzers, and signal generators. The company also provides calibration and repair services for clients.

Adler Tanks provides liquid and solid containment tanks for rent or sale, including frac tanks, roll-off containers, and berms. The tanks are used in various industries, including oil and gas, environmental remediation, and industrial wastewater treatment.

McGrath RentCorp has a strong presence in North America with over 100 locations across the United States and Canada. The company has a highly experienced team of professionals, and their services are backed by a strong customer support team.

The company has grown significantly over the years, expanding its product offerings, services, and geographical reach. It has been recognized as one of the fastest-growing companies in America by Inc. Magazine, and it has been consistently ranked among the top rental companies by industry publications.

Overall, McGrath RentCorp is a highly reputable rental solutions provider that offers a broad range of products and services to a diverse set of industries. It is committed to delivering high-quality products, outstanding customer service, and value to its clients.


   Company Address: 5700 Las Positas Road Livermore 94551 CA
   Company Phone Number: 606-9200   Stock Exchange / Ticker: NASDAQ MGRC


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
HRI   -7.3%    
URI   -6.75%    
AHT   -5.78%    
CAT   -1.55%    
FAST   -3.06%    
• View Complete Report
   



Dividend

McGrath RentCorp Announces Quarterly Dividend: Will Shareholders See an Increase Soon

Published Fri, Jun 7 2024 12:48 AM UTC

McGrath RentCorp Declares Quarterly Dividend for 33rd Consecutive Year: Will Dividend Increases Soon Follow?
McGrath RentCorp (MGRC), a leading business-to-business rental company in North America, recently announced the declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended June 30, 2024. This marks the 33rd consecutive year that McGr...
Dividend

McGrath RentCorp Declares Quarterly Dividend of $0475 per Share, Marking 33rd Consecutive Year of Dividend IncreasesMcGrath RentCorp (Nasdaq: MGRC) has announced the declaration of a quarterly cash dividend of $0475 per common share for the quarter ended June 30, 2024 This marks the 33rd consecutive year that McGrath RentCorp has raised its dividend to shareholders, demonstrating the company's commitment to providing value to its investors

Published Thu, Jun 6 2024 12:48 AM UTC

McGrath RentCorp Declares Quarterly Dividend of $0.475 per Share, Marking 33rd Consecutive Year of Dividend Increases
McGrath RentCorp (Nasdaq: MGRC) has announced the declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended June 30, 2024. This marks the 33rd consecutive year that McGrath RentCorp has raised its dividend to shareholders, ...
Dividend

McGrath RentCorp: Delivering Consistent Dividend Growth and Financial Stability

Published Wed, Jun 5 2024 8:48 PM UTC

McGrath RentCorp Declares Quarterly Dividend: 33 Years of Consistent Dividend Growth
As of the writing of this article, McGrath RentCorp (MGRC) has announced the declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended June 30, 2024. This marks the 33rd consecutive year that McGrath RentCorp has raised its dividend to shareholders, showc...
Mcgrath Rentcorp

Strong Double Digit EPS Improvement by 32% Achieved by McGrath Rentcorp in Q3 2023 Earnings Season

Financial News Report: McGrath Rentcorp Announces Impressive Q3 2023 Results
Mcgrath Rentcorp, a leading Rental & Leasing company, reported remarkable financial numbers for the July to September 30, 2023 interval. The company witnessed a significant increase in revenue, rising by 21.428% to $243.51 million, and a remarkable 32% surge in profit per share to $1.65, year on year.
These figures indicate that McGrath Rentcorp has outperformed its industry peers on the business front. The Rental & Leasing industry reported a 6.62% revenue improvement during the same period, highlighting the company's impressive growth.
Mcgrath Rentcorp

McGrath Rentcorp Reports Stellar Revenue and EPS Surge, Posting Double-Digit Q2 2023 Advance with Profits Skyrocketing!


Introduction
Mcgrath Rentcorp (MGRC) recently announced impressive double-digit revenue and profit growth in the second quarter of 2023. While the company showcased promising figures, a deeper analysis reveals potential red flags for investors. This article will shed light on the concerns surrounding MGRC's profitability amid the surge in revenue, increasing accounts receivables, and recent decline in stock performance.
Stellar Revenue Growth Hides Erosion in Profitability
The reported revenue for the second quarter of 2023 reached an impressive $203.03 million, representing a year-on-year increase of 14.686% and a substantial quarter-on-quarter growth of 24.012%. This robust growth could initially be perceived as a positive sign. However, a closer look at the accompanying profit figures reveals a contradictory story. While income surged by 16.82% sequentially to $1.25, profit dropped significantly by -57.19%.






Mcgrath Rentcorp's Segments
Leasing    57.45 % of total Revenue
Non-lease Rental Related Services    7.88 % of total Revenue
Non-lease Sales    34.52 % of total Revenue
Non-lease Other    0.15 % of total Revenue
Non-lease Revenues    42.55 % of total Revenue
Mobile Modular    71.75 % of total Revenue
Mobile Modular Leasing    40.95 % of total Revenue
Mobile Modular Non-lease Rental Related Services    6.05 % of total Revenue
Mobile Modular Non-lease Sales    24.74 % of total Revenue
Mobile Modular Non-lease Other    0.01 % of total Revenue
Mobile Modular Non-lease Revenues    30.8 % of total Revenue
Portable Storage    8.64 % of total Revenue
Portable Storage Leasing    6.56 % of total Revenue
Portable Storage Non-lease Rental Related Services    1.55 % of total Revenue
Portable Storage Non-lease Sales    0.53 % of total Revenue
Portable Storage Non-lease Other    0.01 % of total Revenue
Portable Storage Non-lease Revenues    2.09 % of total Revenue
TRS-RenTelco    13.05 % of total Revenue
TRS-RenTelco Leasing    9.94 % of total Revenue
TRS-RenTelco Non-lease Rental Related Services    0.28 % of total Revenue
TRS-RenTelco Non-lease Sales    2.69 % of total Revenue
TRS-RenTelco Non-lease Other    0.13 % of total Revenue
TRS-RenTelco Non-lease Revenues    3.1 % of total Revenue
Enviroplex    6.56 % of total Revenue
Enviroplex Non-lease Sales    6.56 % of total Revenue
Enviroplex Non-lease Revenues    6.56 % of total Revenue





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