McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment rents fixed axle steel tanks for storing groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials; dewatering boxes for the separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is headquartered in Livermore, California.
IPO Year: 1984
Exchange: NASDAQ
Website: mgrc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/11/2024 | $152.00 | Market Outperform | CJS Securities |
| 9/25/2024 | $120.00 | Outperform | Oppenheimer |
| 2/2/2023 | $127.00 | Neutral → Buy | Sidoti |
| 11/16/2022 | $106.00 | Buy → Neutral | Sidoti |
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, a leading business-to-business rental company in North America, today announced the appointment of Philip B. Hawkins to Chief Operating Officer (COO). Joe Hanna, CEO stated, "I am very pleased to announce the promotion of Phil Hawkins to the position of Chief Operating Officer (COO). In this role, Phil will continue to oversee our Mobile Modular businesses while expanding his attention to increased operational leadership responsibilities across McGrath." "McGrath is fortunate to have Phil as a key leader with deep industry knowledge. Phil has taken on increased re
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on Tuesday, January 14, 2025. The Company will be presenting at 1:35 p.m. ET. A simultaneous webcast and presentation slides will be available in the Investor Relations section of the Company's website at https://investors.mgrc.com/events-and-presentations. A replay will be available for approximately 90 days on the company's website shortly after completion of the presentation
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders. 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 o
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on Wednesday, December 11, 2024. 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
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Wolfe Research Small and Mid-Cap Conference on Thursday, December 5, 2024. 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 b
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, are scheduled to present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024. Conference presentations will not be available via webcast; however, Mr. Hanna and Mr. Pratt's presentation will be posted under the "Events and Presentations" section of the Company's website at https://investors.mgrc.com/events-and-presentations on the morning of the scheduled event. ABOUT MCGRATH: McGrath RentCorp (NASDAQ:MGRC) is a leading business-to-bu
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended September 30, 2024 of $266.8 million, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income from continuing operations of $40.4 million, or $1.65 per diluted share, for the third quarter of 2023. Excluding the $180.0 million merger termination payment received from WillScot Mobile Mini and $39.4 million in transaction costs incu
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2024, after the close of regular market trading on Thursday, October 24, 2024. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. The conference call may be accessed by dialing 1-800-245-3047 (international callers dial 1-203-518-9765), or by listening to the simultaneous webcast on https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-800-753-9146
McGrath to receive $180 million termination fee from WillScot Board increases share repurchase authorization to 2 million shares McGrath to provide updates on financial outlook, business strategy and capital allocation during its third-quarter earnings conference call on October 24, 2024 McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation ("WillScot") (NASDAQ:WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million. Jose
WillScot Remains Focused on Executing $1 Billion of Idiosyncratic Growth Opportunities Board Increases Share Repurchase Authorization to $1 Billion PHOENIX, Sept. 18, 2024 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative temporary flexible space solutions, today announced that it has entered into an agreement with McGrath RentCorp ("McGrath") (NASDAQ:MGRC) to terminate the companies' previously announced merger, pursuant to the terms of the January 28, 2024 merger agreement, under which WillScot would have acquired McGrath for a mix of cash and stock consideration. Although both companies continue to believe in th
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, a leading business-to-business rental company in North America, today announced the appointment of Philip B. Hawkins to Chief Operating Officer (COO). Joe Hanna, CEO stated, "I am very pleased to announce the promotion of Phil Hawkins to the position of Chief Operating Officer (COO). In this role, Phil will continue to oversee our Mobile Modular businesses while expanding his attention to increased operational leadership responsibilities across McGrath." "McGrath is fortunate to have Phil as a key leader with deep industry knowledge. Phil has taken on increased re
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced the appointment of Nicolas (Nic) Anderson to the Company's Board of Directors. Bradley Shuster, Chairman of McGrath RentCorp's Board stated: "We are very pleased to welcome Nicolas to our Board. He is not only an accomplished leader with an extensive background as an executive in finance, he also has a strong entrepreneurial background. Nic's experience and perspective will be a valuable complement to McGrath's Board." Mr. Anderson is a founder and Managing Partner of Elm Grove Partners, an entrepreneurial private equity firm focused on control inves
NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced that Smita Conjeevaram has been appointed to WisdomTree’s Board of Directors. Jonathan Steinberg, WisdomTree CEO, said, “It is my pleasure to welcome Smita to WisdomTree’s Board. Having held several leadership positions within the financial services industry for many years, Smita’s financial, accounting and compliance background, global experience and track record of success in guiding companies through significant growth will be a tremendous asset to WisdomTree and our stockholders. Furtherm
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (NASDAQ: MGRC) (the “Company”), a diversified business-to-business rental company, today announced the appointment of Smita Conjeevaram to the Company’s Board of Directors. Ron Zech, Chairman of McGrath RentCorp’s Board stated: “We are very pleased to welcome Smita to our Board. She is not only an accomplished leader with an extensive background as an executive in finance, she also has a global perspective and track-record of success in guiding companies through significant growth, and building scalable infrastructures, controls, and technology. Smita’s experience and perspective will be a valuable complement to McGrath RentCorp’
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CJS Securities initiated coverage of McGrath RentCorp with a rating of Market Outperform and set a new price target of $152.00
Oppenheimer resumed coverage of McGrath RentCorp with a rating of Outperform and set a new price target of $120.00
Sidoti upgraded McGrath RentCorp from Neutral to Buy and set a new price target of $127.00
Sidoti downgraded McGrath RentCorp from Buy to Neutral and set a new price target of $106.00
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McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders. 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 o
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended September 30, 2024 of $266.8 million, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income from continuing operations of $40.4 million, or $1.65 per diluted share, for the third quarter of 2023. Excluding the $180.0 million merger termination payment received from WillScot Mobile Mini and $39.4 million in transaction costs incu
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2024, after the close of regular market trading on Thursday, October 24, 2024. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. The conference call may be accessed by dialing 1-800-245-3047 (international callers dial 1-203-518-9765), or by listening to the simultaneous webcast on https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-800-753-9146
McGrath to receive $180 million termination fee from WillScot Board increases share repurchase authorization to 2 million shares McGrath to provide updates on financial outlook, business strategy and capital allocation during its third-quarter earnings conference call on October 24, 2024 McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation ("WillScot") (NASDAQ:WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million. Jose
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended September 30, 2024. The dividend will be payable on October 31, 2024 to all shareholders of record on October 17, 2024. The year 2024 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders. 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
McGrath RentCorp ("McGrath") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced that Elizabeth A. Fetter resigned from the McGrath board of directors on August 1, 2024, for personal reasons after serving over ten years on the board. "Liz was the first female independent director of the McGrath board and her insights as an experienced CEO brought fresh perspective to board discussions. She served as chair of the compensation committee for many years, actively worked to further diversify our board and contributed to the HR and compensation functions of our board. On behalf of the board and the company, I would like to thank Liz for her long servic
PHOENIX, Aug. 01, 2024 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative temporary flexible space solutions, today announced second quarter 2024 results and provided an update on operations and the current market environment, including the following highlights: Generated revenue of $605 million, up 4%. Loss from continuing operations was $47 million, including a one-time non-cash impairment of $133 million associated with brand consolidation, and diluted loss per share was $0.25. Adjusted income from continuing operations excluding the impairment, restructuring, and transaction-related charges was $75 million and Adjusted
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended June 30, 2024 of $212.6 million, an increase of 5% compared to the second quarter of 2023. The Company reported net income from continuing operations of $20.6 million, or $0.84 per diluted share, for the second quarter of 2024, compared to net income from continuing operations of $28.0 million, or $1.14 per diluted share, for the second quarter of 2023. SECOND QUARTER 2024 YEAR-OVER-YEAR COMPANY HIGHLIGHTS (FROM CONTINUING OPERATIONS): Rental revenues increased 3% to $121.2 million.
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its second quarter ending June 30, 2024, after the close of regular market trading on Thursday, July 25, 2024. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) that afternoon to discuss the results. The conference call may be accessed by dialing 1-800-245-3047 (international callers dial 1-203-518-9765), or by listening to the simultaneous webcast on https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-800-723-0488 (inte
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company, today announced that it will hold a special meeting of its shareholders ("Special Meeting") on Thursday, July 11, 2024 to vote on the previously announced proposed acquisition by WillScot Mobile Mini (NASDAQ:WSC) and other related proposals. The special meeting will be held virtually via webcast at www.meetnow.global/MV9LD74 at 2:00PM Pacific Time. The Board of Directors of McGrath has fixed the close of business on May 31, 2024, as the record date for determining the shareholders entitled to notice of and to vote at the Special Meeting and any adjournment or postponement thereof. T