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, today announced that it will present at the Oppenheimer 20th Annual Industrial Growth Conference (virtual format) on Wednesday, May 7, 2025, at 10:30 a.m. ET. A simultaneous webcast and presentation slides will be posted under the "Events and Presentations" 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 the completion of the presentation. ABOUT MCGRATH: McGrath RentCorp (NASDAQ:MGRC) is a leading business-to-business rental company in
McGrath RentCorp ("McGrath" or the "Company") (NASDAQ:MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended March 31, 2025 of $195.4 million, an increase of 4% compared to the first quarter of 2024. The Company reported net income of $28.2 million, or $1.15 per diluted share, for the first quarter of 2025, compared to net income of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024. FIRST QUARTER 2025 YEAR-OVER-YEAR COMPANY HIGHLIGHTS: Rental operations revenues increased 3% to $154.0 million. Sales revenues increased 11% to $38.9 million. Total revenues increased 4% to $195.4 million. Incom
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 first quarter ending March 31, 2025, after the close of regular market trading on Thursday, April 24, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on April 24, 2025, to discuss the results. The conference call may be accessed by dialing 1-800-225-9448 (international callers dial 1-203-518-9708), 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 1-800-839-5324 (
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 Sidoti Small-Cap Virtual Conference on Wednesday, March 19, 2025. 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 off
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 December 31, 2024 of $243.7 million, an increase of 10% compared to the fourth quarter of 2023. The Company reported net income from continuing operations of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024, compared to net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the fourth quarter of 2023. Total revenues from continuing operations for the full year ended December 31, 2024 increased to $910.9 million, an increase of 10%,
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,
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 fourth quarter ending December 31, 2024, after the close of regular market trading on Wednesday, February 19, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on February 19, 2025, to discuss the results. The conference call may be accessed by dialing 1-800-445-7795 (international callers dial 1-785-424-1699), 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 1-80
WisdomTree, Inc. (NYSE:WT), a global financial innovator, announced today that its Board of Directors has appointed Smita Conjeevaram as Chair of the Board, effective January 23, 2025. She succeeds Win Neuger, who will continue to serve on the Board and as a member of the Compensation Committee. "I'm proud of all that WisdomTree has achieved during my tenure as Board Chair and since joining the Board in 2013, including approximately 300% of both revenue growth and assets under management (AUM) growth since 2013," said Neuger. "Smita has been an invaluable contributor since joining the Board in 2021, bringing exceptional leadership and expertise. I am thrilled she will lead the Board as it
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 total revenues for the quarter ended March 31, 2025 of $195.4 million, an increase of 4% compared to the first quarter of 2024. The Company reported net income of $28.2 million, or $1.15 per diluted share, for the first quarter of 2025, compared to net income of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024. FIRST QUARTER 2025 YEAR-OVER-YEAR COMPANY HIGHLIGHTS: Rental operations revenues increased 3% to $154.0 million. Sales revenues increased 11% to $38.9 million. Total revenues increased 4% to $195.4 million. Incom
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 first quarter ending March 31, 2025, after the close of regular market trading on Thursday, April 24, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on April 24, 2025, to discuss the results. The conference call may be accessed by dialing 1-800-225-9448 (international callers dial 1-203-518-9708), 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 1-800-839-5324 (
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 December 31, 2024 of $243.7 million, an increase of 10% compared to the fourth quarter of 2023. The Company reported net income from continuing operations of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024, compared to net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the fourth quarter of 2023. Total revenues from continuing operations for the full year ended December 31, 2024 increased to $910.9 million, an increase of 10%,
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,
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 fourth quarter ending December 31, 2024, after the close of regular market trading on Wednesday, February 19, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on February 19, 2025, to discuss the results. The conference call may be accessed by dialing 1-800-445-7795 (international callers dial 1-785-424-1699), 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 1-80
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
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, 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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