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Mcgrath Rentcorp  (MGRC)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 
Price: $124.7200 $0.24 0.193%
Day's High: $125.14 Week Perf: 0.06 %
Day's Low: $ 124.13 30 Day Perf: -0.74 %
Volume (M): 236 52 Wk High: $ 130.86
Volume (M$): $ 29,459 52 Wk Avg: $101.20
Open: $124.34 52 Wk Low: $85.63



 Market Capitalization (Millions $) 3,059
 Shares Outstanding (Millions) 25
 Employees 1,184
 Revenues (TTM) (Millions $) 821
 Net Income (TTM) (Millions $) 182
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 252

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
   


   

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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

McGrath Rentcorp Surges with Skyrocketing Profit and Double-Digit Revenue Growth, Setting the Stage for an Exciting Future

McGrath Rentcorp is on the rise in the rental and leasing industry, reporting substantial growth in its first quarter financial reporting period, closing on March 31, 2023. This heralds great news for investors, as the net profit per share has elevated by a staggering 279.22% to $2.92 per share, with revenue increasing by 12.619% to $163.72 million, compared to the fiscal year-end of the prior yearThe growth can be mapped from the prior financial reporting period, as the EPS soared by 80.66% from $1.62 per share, with revenue falling by -22.365% from $210.88 million. This growth is further highlighted by the net earnings of $71.657 million in the financial span closing March 31, 2023, a 281.3% growth from net earnings of $18.793 million reported in the financial span closing the previous year.
While it is true that operating margin fell to 12.14% in the financial span closing March 31, 2023, McGrath Rentcorp's net margin actually improved to 43.77%. Operating earnings decreased -27.38% to $19.869 million, squeezing McGrath Rentcorp's operating margin to 12.14%, down from 18.82% in the first quarter of 2022.
McGrath Rentcorp is expected to report next financial earnings on July 27, 2023. In its first quarter 2023, McGrath Rentcorp returned on equity (ROE) 21.08%, which is well above MGRC's average return on equity of 15.13%. ROE has advanced compared to 15.02% in the fourth quarter of 2022 due to net income growth.
The performance of McGrath Rentcorp is also seen in its competitive edge, with its return on equity (ROE) ranking advancing to 882 from the total ROE ranking in the fourth quarter of 2022 at 1108. Comparing return on equity within the Rental & Leasing industry, five other companies had a higher ROE.
With McGrath Rentcorp's substantial growth in its latest financial reporting period, the company has showcased that it is a valuable investment opportunity for investors seeking to reap great rewards. The company's growth is a testament to its operational strength, financial stability and ability to generate long-term returns for its shareholders. As investors anticipate the next financial report from the company, it is clear that McGrath Rentcorp is a strong contender in the rental and leasing industry and is poised for even more significant growth in the coming years.






 

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