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 (Nasdaq: MGRC) is a North American business-to-business rental company, and this page aggregates news and press releases related to its stock and operations. The company’s public communications describe a focus on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses, and on electronic test equipment rental solutions through its TRS-RenTelco business.
Investors following MGRC news can review updates on quarterly financial results, dividend declarations and changes to the company’s financial outlook. McGrath RentCorp regularly announces total revenues, rental operations revenues, sales revenues, income from operations and adjusted EBITDA, along with commentary from management on market demand conditions across its modular, portable storage and TRS-RenTelco activities.
News items also include information on McGrath RentCorp’s dividend history. The company has stated that 2025 marks 34 consecutive years of dividend increases, and it periodically issues press releases when its Board of Directors declares quarterly cash dividends. These releases provide context on the company’s approach to shareholder returns alongside its rental-focused business model.
In addition, McGrath RentCorp uses news releases to announce participation in investor conferences and to schedule earnings calls. These communications give investors insight into how the company presents its strategy, discusses the circular supply economy aspects of its rental offerings and comments on trends in modular solutions, portable storage and electronic test equipment rental. For users tracking MGRC, this news page offers a centralized view of the company’s official announcements and market-facing updates.
McGrath RentCorp (NASDAQ: MGRC) reported strong Q2 2025 financial results with total revenues of $235.6 million, up 11% year-over-year. The company achieved net income of $36.0 million, or $1.46 per diluted share, compared to $20.6 million in Q2 2024.
Key performance metrics include: rental operations revenues increased 5% to $163.5 million, sales revenues grew 28% to $69.8 million, and Adjusted EBITDA rose 3% to $86.5 million. The company declared a quarterly dividend of $0.485 per share, representing a 1.7% yield.
McGrath updated its FY2025 guidance, projecting total revenue of $925-960 million and Adjusted EBITDA of $347-356 million. The company maintains its planned gross rental equipment capital expenditures at $115-125 million.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, announced its participation in the CJS Securities 25th Annual "New Ideas" Summer Conference. The event will take place in White Plains, NY on Thursday, July 10, 2025.
McGrath RentCorp (NASDAQ:MGRC), a prominent North American business-to-business rental company, has scheduled its second quarter 2025 financial results announcement for July 24, 2025, after market close.
The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results. Investors can access the call via phone (1-800-245-3047 for domestic, 1-203-518-9765 for international) or through a live webcast on the company's investor relations website. A 7-day replay will be available through both phone and web platforms.
McGrath RentCorp (Nasdaq: MGRC), a prominent North American business-to-business rental company, has announced its participation in investor meetings at the Bank of America Securities 32nd Annual Industrials, Transportation, and Airlines Key Leaders Conference. The conference is scheduled to take place in New York, NY on Thursday, May 15, 2025.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, has announced its upcoming participation in the Oppenheimer 20th Annual Industrial Growth Conference. The presentation is scheduled for May 7, 2025, at 10:30 a.m. ET and will be conducted in a virtual format.
Investors and interested parties can access the live webcast and presentation slides through the "Events and Presentations" section on McGrath's investor relations website at investors.mgrc.com. For those unable to attend the live session, a replay will be made available on the company's website for approximately 90 days following the presentation.
McGrath RentCorp (MGRC) reported strong Q1 2025 financial results with total revenues reaching $195.4 million, up 4% year-over-year. Net income increased to $28.2 million ($1.15 per diluted share) from $22.8 million ($0.93 per diluted share) in Q1 2024.
Key highlights include:
- Rental operations revenues up 3% to $154.0 million
- Sales revenues increased 11% to $38.9 million
- Adjusted EBITDA grew 3% to $74.5 million
- Quarterly dividend of $0.485 per share
The company's Mobile Modular division showed strong performance with 3% rental revenue growth, while Portable Storage faced challenges with a 13% decline in rental revenues. TRS-RenTelco showed slight improvement in rental revenues. Due to economic uncertainty, McGrath has revised its 2025 outlook, adjusting total revenue guidance to $920-960 million and Adjusted EBITDA to $343-355 million.
McGrath RentCorp (Nasdaq: MGRC), a leading business-to-business rental company in North America, has scheduled its first quarter 2025 financial results release for Thursday, April 24, 2025, after market close.
The company will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day to discuss the results. Investors can access the call via phone (1-800-225-9448 for domestic, 1-203-518-9708 for international) or through a simultaneous webcast on the company's investor relations website.
A 7-day replay will be available by phone (1-800-839-5324 domestic, 1-402-220-1521 international) and the webcast will be archived on McGrath's website.
McGrath RentCorp (Nasdaq: MGRC), a prominent North American business-to-business rental company, has announced its participation in the upcoming Sidoti Small-Cap Virtual Conference. The company's leadership team, including Chief Executive Officer Joe Hanna and EVP & Chief Financial Officer Keith Pratt, will engage in investor meetings during the conference scheduled for March 19, 2025.
McGrath RentCorp (MGRC) reported strong Q4 2024 results with total revenues reaching $243.7 million, up 10% year-over-year. Net income from continuing operations was $38.9 million, or $1.58 per diluted share, compared to $32.0 million in Q4 2023.
For full-year 2024, revenues increased 10% to $910.9 million, with adjusted EBITDA growing by $33.4 million to $351.7 million. The company announced its 34th consecutive annual dividend increase, raising the quarterly dividend by 2% to $0.485 per share.
By division, Mobile Modular showed strong performance with 8% rental revenue growth, while Portable Storage and TRS-RenTelco faced challenges with rental revenue declines of 15% and 9% respectively. The company's board declared a quarterly dividend payable on April 30, 2025, representing a 1.6% yield based on the February 18, 2025 closing price.