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 reports recurring developments for a North American business-to-business rental company centered on modular space solutions, portable storage and electronic test equipment. Its updates commonly cover rental revenue, equipment sales, fleet investment, and operating trends across Mobile Modular, Mobile Modular Portable Storage, TRS-RenTelco and Enviroplex.
Company news also includes dividend declarations and annual dividend increases, earnings-call schedules, investor-conference participation and governance updates such as executive succession. Segment commentary often links modular demand, site-related services, geographic expansion and test-equipment rentals to broader customer project activity.
McGrath RentCorp (NASDAQ:MGRC) declared a quarterly cash dividend of $0.435 per share for Q4 2021, payable on January 31, 2022, to shareholders of record on January 17, 2022. This marks the 30th consecutive year of increased dividends for the company, showcasing its commitment to returning value to shareholders. Established in 1979, McGrath RentCorp operates in diversified rental services across the US and North America, focusing on modular buildings, electronic test equipment, and storage solutions.
McGrath RentCorp (Nasdaq: MGRC), a diversified business-to-business rental company, will participate in the Baird 2021 Global Industrial Conference on November 10 at 4:20 p.m. ET. The event will include a presentation and a simultaneous webcast available in the Investor Relations section of their website. A replay will be accessible for 90 days post-event. Founded in 1979, McGrath RentCorp offers modular buildings, electronic test equipment, and portable storage solutions across the U.S. and select North American regions.
McGrath RentCorp (NASDAQ: MGRC) reported Q3 2021 revenues of $173.3 million, an 11% increase from the previous year. Net income was $23.3 million, or $0.95 per share, down from $28.1 million, or $1.15 per share, in Q3 2020. Rental revenues surged 17% to $103.3 million, with notable growth from recent acquisitions. Adjusted EBITDA rose 5% to $66.0 million, and dividends increased by 4% to $0.435 per share. Challenges included elevated material and labor costs, affecting margins, though pricing adjustments are underway.
McGrath RentCorp (NASDAQ: MGRC) is set to release its third-quarter financial results for the period ending September 30, 2021, on October 28, 2021. The results will be disclosed after the market closes, followed by a conference call at 5:00 p.m. ET to discuss the findings. Investors can access the call by phone or through a live webcast. The company specializes in business-to-business rentals including modular buildings and electronic test equipment, positioning itself for growth in diverse markets.
The Board of Directors of McGrath RentCorp (NASDAQ:MGRC) announced a quarterly cash dividend of $0.435 per common share for the quarter ending September 30, 2021. This dividend will be payable on October 29, 2021 to shareholders of record as of October 15, 2021. This year marks the 30th consecutive year that McGrath RentCorp has increased its dividend, reflecting the company's ongoing commitment to return value to shareholders.
McGrath RentCorp (Nasdaq: MGRC), a diversified rental company, will present at the Sidoti & Company, LLC Fall Virtual Small Cap Investor Conference on September 23, 2021, at 2:30 p.m. ET. Investors can access the live webcast and presentation slides on the company's Investor Relations website. A replay will be available for 90 days post-event. Founded in 1979, McGrath RentCorp offers modular buildings, electronic test equipment, and storage solutions across the U.S. and select North American regions.
McGrath RentCorp (NASDAQ: MGRC) reported Q2 2021 revenues of $146.4 million, up 6% year-over-year. Net income was $20.6 million, or $0.84 per diluted share, down from $22.5 million in Q2 2020. Rental revenues grew 10% to $94.6 million. The company raised its full-year revenue guidance from $570-610 million to $610-640 million. Rental revenue growth was mainly driven by acquisitions. However, new equipment sales face challenges due to supply chain issues and labor shortages, affecting 2021 expectations.
McGrath RentCorp (NASDAQ: MGRC) plans to release its financial results for Q2 2021 on August 3, 2021, after market close. The company will host a conference call at 5:00 PM ET to discuss the results, with a Q&A session available. Investors can join the call by dialing 1-844-707-0666 or via webcast at investors.mgrc.com. McGrath RentCorp, established in 1979, provides diversified rental services, including modular buildings and electronic test equipment across North America.
The Board of Directors of McGrath RentCorp (NASDAQ:MGRC) announced a quarterly cash dividend of $0.435 per common share, payable on July 30, 2021 to shareholders of record as of July 16, 2021. This marks the 30th consecutive year that MGRC has increased its dividend payouts, underscoring its commitment to returning value to shareholders. McGrath RentCorp, founded in 1979, operates in diversified rental services including modular buildings and electronic test equipment.
McGrath RentCorp has successfully completed its acquisition of Design Space Modular Buildings PNW, LP for $260 million. This acquisition enhances McGrath's Mobile Modular division, expanding its coverage with 15 branches across 8 states in the Western U.S. The transaction aims to generate long-term revenue growth and operational synergies while creating opportunities for cost savings through fleet optimization. Furthermore, it is expected to positively impact earnings per share (EPS) and free cash flow. The integration process is set to begin as both companies align their customer-centric approaches.