McGrath RentCorp Increases Quarterly Dividend From $0.465 To $0.475 Per Share

2/21/24 4:26:23 PM ET

Diversified Commercial Services

Consumer Discretionary

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The Company also announced that the board of directors declared a cash dividend of $0.475 per share for the upcoming quarter ending March 31, 2024, a quarterly increase of $0.01, or 2%, over the prior year period. The cash dividend will be payable on April 30, 2024 to all shareholders of record on April 16, 2024. This marks 33 consecutive years the Company has increased its annual dividend.

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Recent Analyst Ratings for
$MGRC

Date	Price Target	Rating	Analyst
9/25/2024	$120.00	Outperform	Oppenheimer
2/2/2023	$127.00	Neutral → Buy	Sidoti
11/16/2022	$106.00	Buy → Neutral	Sidoti

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McGrath to Present at the Baird 2024 Global Industrial Conference
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
11/4/24 4:01:00 PM ET
$MGRC
Diversified Commercial Services
Consumer Discretionary
McGrath Announces Results for Third Quarter 2024
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
10/24/24 4:01:00 PM ET
$MGRC
Diversified Commercial Services
Consumer Discretionary
McGrath Sets Third Quarter 2024 Financial Results Date and Time
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
9/26/24 4:01:00 PM ET
$MGRC
Diversified Commercial Services
Consumer Discretionary

$MGRC
Leadership Updates

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McGrath Announces Nicolas Anderson Elected to Board
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
10/28/22 4:01:00 PM ET
$BMRC
$MGRC
$AMRB
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Finance
Diversified Commercial Services
Consumer Discretionary
WisdomTree Appoints Smita Conjeevaram to Board of Directors
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
1/27/21 9:00:00 AM ET
$MGRC
$SSNC
$SKYW
$WETF
Diversified Commercial Services
Consumer Discretionary
Computer Software: Prepackaged Software
Technology
McGrath RentCorp Announces Smita Conjeevaram Elected to Board
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’
1/5/21 4:01:00 PM ET
$MGRC
$SSNC
Diversified Commercial Services
Consumer Discretionary
Computer Software: Prepackaged Software
Technology

McGrath Announces Results for Third Quarter 2024
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
10/24/24 4:01:00 PM ET
$MGRC
Diversified Commercial Services
Consumer Discretionary
McGrath Sets Third Quarter 2024 Financial Results Date and Time
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
9/26/24 4:01:00 PM ET
$MGRC
Diversified Commercial Services
Consumer Discretionary
McGrath Confirms Agreement to Terminate Pending Merger with WillScot
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
9/18/24 8:05:00 AM ET
$MGRC
$WSC
Diversified Commercial Services
Consumer Discretionary
Misc Corporate Leasing Services
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McGrath RentCorp Increases Quarterly Dividend From $0.465 To $0.475 Per Share

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Recent Analyst Ratings for $MGRC

$MGRC Press Releases

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McGrath to Present at the Baird 2024 Global Industrial Conference

McGrath Announces Results for Third Quarter 2024

McGrath Sets Third Quarter 2024 Financial Results Date and Time

$MGRC Large Ownership Changes

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SEC Form SC 13G/A filed by McGrath RentCorp (Amendment)

SEC Form SC 13G/A filed by McGrath RentCorp (Amendment)

SEC Form SC 13G/A filed by McGrath RentCorp (Amendment)

$MGRC Leadership Updates

Live Leadership Updates

McGrath Announces Nicolas Anderson Elected to Board

WisdomTree Appoints Smita Conjeevaram to Board of Directors

McGrath RentCorp Announces Smita Conjeevaram Elected to Board

$MGRC Insider Trading

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President and CEO Hanna Joseph F sold $2,398,657 worth of shares (19,945 units at $120.26), decreasing direct ownership by 12% to 151,304 units (SEC Form 4)

Director Box Kimberly Ann sold $114,622 worth of shares (1,000 units at $114.62), decreasing direct ownership by 12% to 7,500 units (SEC Form 4)

VP and Division Manager Skenesky John P sold $574,287 worth of shares (5,000 units at $114.86), decreasing direct ownership by 36% to 8,711 units (SEC Form 4)

$MGRC SEC Filings

SEC Form DEFA14A filed by McGrath RentCorp

SEC Form DEF 14A filed by McGrath RentCorp

SEC Form 10-Q filed by McGrath RentCorp

$MGRC Financials

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McGrath Announces Results for Third Quarter 2024

McGrath Sets Third Quarter 2024 Financial Results Date and Time

McGrath Confirms Agreement to Terminate Pending Merger with WillScot

$MGRC Analyst Ratings

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Oppenheimer resumed coverage on McGrath RentCorp with a new price target

McGrath RentCorp upgraded by Sidoti with a new price target

McGrath RentCorp downgraded by Sidoti with a new price target

$MGRC Market Insights

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McGrath Sets Thursday, July 11, 2024 For Special Meeting Of Shareholders To Vote On Acquisition By WillScot Mobile Mini

McGrath RentCorp Q1 2024 GAAP EPS $0.93 Beats $0.73 Estimate, Sales $187.827M Beat $172.078M Estimate