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) announced a 5% dividend increase alongside its fourth quarter 2021 results, revealing total revenues of $175.9 million, an 18% year-over-year rise. Net income for Q4 2021 was $28.4 million, down from $31.2 million in the same period last year. Annual revenues reached $616.8 million, with adjusted EBITDA increasing to $246.6 million. The Mobile Modular division saw a strong 29% increase in rental revenues. The company anticipates full-year 2022 revenues between $675 million and $705 million.
McGrath RentCorp (NASDAQ: MGRC) will release its financial results for the fourth quarter ending December 31, 2021, on February 23, 2022, after market closure. The Company will host a conference call at 5:00 p.m. ET to discuss these results. Investors can participate by dialing 1-844-707-0666 or through a webcast available on their website. McGrath RentCorp is a diversified rental company providing modular buildings, electronic test equipment, and other solutions across the U.S. and select North American regions.
McGrath RentCorp (MGRC) has acquired the assets of Titan Storage Containers, LLC, a regional provider of portable storage solutions in Texas. This acquisition adds approximately 1,100 assets to McGrath's Mobile Modular division fleet in the region. The transaction was financed through borrowings from McGrath's revolving credit facility. CEO Joe Hanna noted that this acquisition aligns with their capital deployment strategy and will enhance their service capabilities and market share in Texas.
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
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.