Welcome to our dedicated page for Mcgrath Rentcorp news (Ticker: MGRC), a resource for investors and traders seeking the latest updates and insights on Mcgrath Rentcorp stock.
McGrath RentCorp (MGRC) provides essential business solutions through modular infrastructure and technical equipment rentals. This news hub offers investors and industry professionals centralized access to official company announcements and market developments.
Track critical updates including quarterly earnings, strategic partnerships, and product launches across MGRC's four operational segments: Mobile Modular buildings, Portable Storage solutions, TRS-RenTelco test equipment, and Enviroplex educational facilities. Our curated feed ensures timely access to filings, leadership updates, and regulatory compliance announcements.
This resource serves as your primary source for understanding MGRC's market position in B2B rentals. Discover how the company's diversified leasing model addresses commercial construction needs, educational infrastructure demands, and precision equipment requirements.
Bookmark this page for direct access to unfiltered operational updates. Check regularly for new developments impacting McGrath RentCorp's role in the equipment rental and modular solutions sectors.
McGrath RentCorp (MGRC) reported strong Q1 2025 financial results with total revenues reaching $195.4 million, up 4% year-over-year. Net income increased to $28.2 million ($1.15 per diluted share) from $22.8 million ($0.93 per diluted share) in Q1 2024.
Key highlights include:
- Rental operations revenues up 3% to $154.0 million
- Sales revenues increased 11% to $38.9 million
- Adjusted EBITDA grew 3% to $74.5 million
- Quarterly dividend of $0.485 per share
The company's Mobile Modular division showed strong performance with 3% rental revenue growth, while Portable Storage faced challenges with a 13% decline in rental revenues. TRS-RenTelco showed slight improvement in rental revenues. Due to economic uncertainty, McGrath has revised its 2025 outlook, adjusting total revenue guidance to $920-960 million and Adjusted EBITDA to $343-355 million.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, has scheduled its first quarter 2025 financial results release for Thursday, April 24, 2025, after market close.
The company will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day to discuss the results. Investors can access the call via phone (1-800-225-9448 for domestic, 1-203-518-9708 for international) or through a simultaneous webcast on the company's investor relations website.
A 7-day replay will be available by phone (1-800-839-5324 domestic, 1-402-220-1521 international) and the webcast will be archived on McGrath's website.
McGrath RentCorp (Nasdaq: MGRC), a prominent North American business-to-business rental company, has announced its participation in the upcoming Sidoti Small-Cap Virtual Conference. The company's leadership team, including Chief Executive Officer Joe Hanna and EVP & Chief Financial Officer Keith Pratt, will engage in investor meetings during the conference scheduled for March 19, 2025.
McGrath RentCorp (MGRC) reported strong Q4 2024 results with total revenues reaching $243.7 million, up 10% year-over-year. Net income from continuing operations was $38.9 million, or $1.58 per diluted share, compared to $32.0 million in Q4 2023.
For full-year 2024, revenues increased 10% to $910.9 million, with adjusted EBITDA growing by $33.4 million to $351.7 million. The company announced its 34th consecutive annual dividend increase, raising the quarterly dividend by 2% to $0.485 per share.
By division, Mobile Modular showed strong performance with 8% rental revenue growth, while Portable Storage and TRS-RenTelco faced challenges with rental revenue declines of 15% and 9% respectively. The company's board declared a quarterly dividend payable on April 30, 2025, representing a 1.6% yield based on the February 18, 2025 closing price.
McGrath RentCorp (MGRC), a leading North American business-to-business rental company, has achieved a significant milestone by completing its 40th anniversary as a Nasdaq-listed company. To commemorate this achievement, McGrath will be featured on the Nasdaq Tower in Times Square on February 11.
President and CEO Joe Hanna expressed gratitude to the company's leaders, team members, customers, shareholders, and stakeholders for their dedication and trust throughout the years. He emphasized that McGrath is well-positioned for continued growth and future achievements.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, has announced it will release its fourth quarter 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day to discuss the results.
Investors can access the conference call by dialing 1-800-445-7795 (international: 1-785-424-1699) or through a simultaneous webcast on the company's investor relations website. A replay will be available for 7 days by dialing 1-800-723-7372 (international: 1-402-220-2666) and can also be accessed through the company's website.
McGrath RentCorp (Nasdaq: MGRC) has appointed Philip B. Hawkins as Chief Operating Officer (COO). Hawkins, who previously served as Senior Vice President and Division Manager of Mobile Modular, brings over 20 years of experience with McGrath to the role. In his new position, he will continue to oversee Mobile Modular businesses while expanding his operational leadership responsibilities across the company.
Hawkins' extensive experience includes leadership roles as Vice President and Division Manager of TRS-RenTelco (2007-2011) and Manager of Corporate Financial Planning and Analysis (2004-2007). Before joining McGrath, he worked at Dell Financial Services and held positions at Technology Rentals and Services (TRS). CEO Joe Hanna expressed confidence in Hawkins' ability to help deliver McGrath's next growth phase, citing his proven track record and deep industry knowledge.
McGrath RentCorp (Nasdaq: MGRC), a leading North American business-to-business rental company, has announced its participation in the CJS Securities 25th Annual New Ideas for the New Year Conference. The presentation is scheduled for Tuesday, January 14, 2025, at 1:35 p.m. ET.
Chief Executive Officer Joe Hanna and EVP/Chief Financial Officer Keith Pratt will represent the company at the conference. Investors can access the presentation through a live webcast and slides available on McGrath's investor relations website. The presentation materials will remain accessible for approximately 90 days following the event through the company's website at investors.mgrc.com/events-and-presentations.
McGrath RentCorp (Nasdaq: MGRC) has announced a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be paid on January 31, 2025, to shareholders of record as of January 17, 2025. This announcement marks 33 consecutive years of dividend increases by McGrath, demonstrating the company's consistent commitment to shareholder returns.
McGrath RentCorp (Nasdaq: MGRC), a leading North American business-to-business rental company, has announced its participation in the Oppenheimer Midwest Virtual Summit. The company's CEO Joe Hanna and EVP/CFO Keith Pratt will engage in investor meetings during the summit scheduled for December 11, 2024.
