Mcgrath Rentcorp - MGRC STOCK NEWS

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.

McGrath RentCorp (Nasdaq: MGRC), a prominent North American business-to-business rental company, has announced its participation in the Wolfe Research Small and Mid-Cap Conference. The company's CEO Joe Hanna and EVP & CFO Keith Pratt will engage in investor meetings at the conference scheduled for December 5, 2024.

McGrath RentCorp (Nasdaq: MGRC) has announced its participation in the upcoming Baird 2024 Global Industrial Conference. CEO Joe Hanna and CFO Keith Pratt will deliver a presentation at the event on Thursday, November 14, 2024. While the conference presentations won't be available via webcast, investors can access the presentation materials through McGrath's investor relations website under the 'Events and Presentations' section on the morning of the event.

McGrath RentCorp (MGRC) reported Q3 2024 total revenues of $266.8 million, up 10% year-over-year. Net income reached $149.3 million, or $6.08 per diluted share, including a $180 million merger termination payment from WillScot Mobile Mini. Excluding this payment and related costs, adjusted net income was $45.9 million ($1.87 per share). Mobile Modular division showed strong performance with 9% rental revenue growth, while Portable Storage and TRS-RenTelco faced challenges with 11% and 10% rental revenue declines respectively. The company updated its 2024 guidance, projecting total revenue of $910-920 million and Adjusted EBITDA of $345-351 million.