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 (symbol: MGRC) is a diversified business-to-business rental provider, founded in 1979 and headquartered in Livermore, California. The company operates several specialized units that cater to different market needs:
- Mobile Modular Management Corporation: Provides relocatable modular buildings for rent, lease, or purchase. These modular solutions are ideal for businesses requiring temporary or permanent space solutions. Explore more at mobilemodularrents.com.
- Mobile Modular Portable Storage: Specializes in portable storage containers and office/storage combinations available for rent, lease, or purchase. For more details, visit mobilemodularrents-portablestorage.com.
- TRS-RenTelco: Offers rental, lease, and sale of electronic test and measurement equipment for general and communication-specific needs. Learn more at trs-rentelco.com.
- Enviroplex, Inc.: Manufactures Division of the State Architect (DSA) approved modular buildings for public and private schools across California. Further information can be found at enviroplexi.com.
- Adler Tank Rentals: Provides containment solutions for the storage of hazardous and non-hazardous liquids and solids.
McGrath RentCorp's business model primarily revolves around renting out its specialized equipment on operating leases, while equipment sales happen as part of regular business activities. The company's revenues majorly stem from these rental services, making it a reliable partner for various industries in need of temporary and flexible solutions.
Recent achievements include participation in the Sidoti & Company Small-Cap Conference, showcasing its growth and potential to investors. This reflects McGrath RentCorp's ongoing commitment to expanding its market reach and enhancing shareholder value.
McGrath RentCorp (Nasdaq: MGRC), a prominent B2B rental company in North America, announced the release date for its Q2 2024 financial results. The results, reflecting the quarter ending on June 30, 2024, will be disclosed after market close on Thursday, July 25, 2024. A conference call to discuss these results will be held at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) the same day. Interested parties can participate by dialing designated phone numbers or via a live webcast on the company's investor relations website. A replay of the call will be available for seven days post-event.
McGrath RentCorp (Nasdaq: MGRC) has scheduled a special shareholder meeting on July 11, 2024, to vote on its proposed acquisition by WillScot Mobile Mini (Nasdaq: WSC).
The virtual meeting will occur at 2:00 PM Pacific Time via webcast. Shareholders of record as of May 31, 2024, are eligible to participate. For more information on the meeting and proposals, refer to the definitive proxy statement.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, has announced a quarterly cash dividend of $0.475 per common share for Q2 2024. This dividend will be paid on July 31, 2024, to shareholders recorded by July 17, 2024. Impressively, 2024 marks the 33rd consecutive year that McGrath has increased its dividend to shareholders, reflecting the company's commitment to returning value to its investors.
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