McGrath Celebrates 40th Listing Anniversary

Rhea-AI Summary

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.

LIVERMORE, Calif.--(BUSINESS WIRE)-- McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the completion of the major milestone of its 40th anniversary listed on the Nasdaq.

In recognition of this milestone, McGrath will be honored by being displayed on the Nasdaq Tower in Times Square on February 11.

Joe Hanna, President and CEO, remarked, “Our company crossed the 2024 finish line, marking the completion of an impressive milestone—the 40th anniversary of McGrath's listing on the Nasdaq.

I would like to recognize and thank all our leaders and team members, customers, shareholders, and stakeholders throughout the years for your focus, commitment, and confidence in our company. McGrath remains well positioned to continue to grow for many years ahead and to achieve many more milestones.”

ABOUT MCGRATH:

McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 40 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported over 30 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.

Headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250210147020/en/

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

Source: McGrath RentCorp

FAQ

How long has McGrath RentCorp (MGRC) been listed on the Nasdaq?

McGrath RentCorp (MGRC) has been listed on the Nasdaq for 40 years, celebrating this milestone anniversary in 2024.

When will McGrath RentCorp (MGRC) be featured on the Nasdaq Tower in Times Square?

McGrath RentCorp will be displayed on the Nasdaq Tower in Times Square on February 11 to commemorate its 40th listing anniversary.

What did McGrath CEO Joe Hanna say about the company's 40th Nasdaq anniversary?

CEO Joe Hanna thanked all leaders, team members, customers, shareholders, and stakeholders for their commitment and confidence, stating that McGrath remains well-positioned for continued growth and future milestones.

What type of business is McGrath RentCorp (MGRC)?

McGrath RentCorp is a leading business-to-business rental company operating in North America.