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.
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McGrath RentCorp, a prominent business-to-business rental company in North America, announced that CEO Joe Hanna and CFO Keith Pratt will present at the Oppenheimer 18th Annual Industrial Growth Conference on May 9, 2023, at 2:15 p.m. ET. The presentation will be in a virtual format, and attendees can access it alongside presentation slides on the Company’s website under the “Events and Presentations” section. A replay will be available for 90 days post-event. Founded in 1979, McGrath specializes in modular solutions through its Mobile Modular and TRS-RenTelco businesses, emphasizing sustainable practices and enhancing customer experience.
McGrath RentCorp (Nasdaq: MGRC) has acquired the assets of Dixie Temporary Storage, enhancing its portable storage operations in South Carolina. This strategic acquisition adds approximately 800 assets and establishes a new regional branch, aligning with McGrath's goals for capital deployment and geographic expansion. The transaction was financed through McGrath's revolving credit facility. President and CEO Joe Hanna emphasized the complementary nature of this acquisition to McGrath’s existing operations, aiming to boost market share in South Carolina.
McGrath RentCorp (NASDAQ: MGRC) plans to release its financial results for the first quarter ending March 31, 2023, on May 4, 2023, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss these results. McGrath RentCorp operates as a prominent rental company in North America, specializing in modular solutions through its Mobile Modular and TRS-RenTelco businesses. The company has maintained a strong record of profitable growth and has delivered over 30 consecutive years of annual dividend increases, highlighting its commitment to shareholder value.