McGrath RentCorp (MG8)
XDUS 
Summary
MG8 Chart
McGrath RentCorp (MGRC) Q1 2025 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q1 2025 Earnings Conference Call April 24, 2025 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger – Oppenheimer Daniel Moore - CJS Securities Steven Ramsey - Thompson Research Group Mark Riddick – Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp First Quarter 2025 Earnings Call.
McGrath (MGRC) Q1 Earnings and Revenues Surpass Estimates
McGrath (MGRC) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.93 per share a year ago.
McGrath RentCorp: An Attractive Way To Capture Strong Returns
McGrath RentCorp remains a 'Buy' due to its solid financial performance, attractive pricing, and potential for growth despite a failed merger with WillScot Holdings. The Mobile Modular segment drove significant revenue growth from $379.2 million in 2022 to $635.4 million in 2024, showcasing strong investment in rental equipment. Despite weaker performance in the Portage Storage and TRS-RenTelco segments, overall profitability metrics like net income and operating cash flow have more than doubled.
McGrath RentCorp Dividends
| MGRC In 1 month Announced | Quarterly | $0.48 Per Share |
| MGRC 2 months ago Paid | Quarterly | $0.48 Per Share |
| MGRC 4 months ago Paid | Quarterly | $0.47 Per Share |
| MGRC 7 months ago Paid | Quarterly | $0.47 Per Share |
| MGRC 10 months ago Paid | Quarterly | $0.47 Per Share |
McGrath RentCorp Earnings
| 23 Jul 2025 (37 Days) Date | | 1.23 Cons. EPS | - EPS |
| 23 Apr 2025 Date | | 0.91 Cons. EPS | - EPS |
| 19 Feb 2025 Date | | 1.49 Cons. EPS | 1.65 EPS |
| 24 Oct 2024 Date | | 3.83 Cons. EPS | 1.87 EPS |
| 25 Jul 2024 Date | | 1.25 Cons. EPS | 0.84 EPS |
| MGRC In 1 month Announced | Quarterly | $0.48 Per Share |
| MGRC 2 months ago Paid | Quarterly | $0.48 Per Share |
| MGRC 4 months ago Paid | Quarterly | $0.47 Per Share |
| MGRC 7 months ago Paid | Quarterly | $0.47 Per Share |
| MGRC 10 months ago Paid | Quarterly | $0.47 Per Share |
| 23 Jul 2025 (37 Days) Date | | 1.23 Cons. EPS | - EPS |
| 23 Apr 2025 Date | | 0.91 Cons. EPS | - EPS |
| 19 Feb 2025 Date | | 1.49 Cons. EPS | 1.65 EPS |
| 24 Oct 2024 Date | | 3.83 Cons. EPS | 1.87 EPS |
| 25 Jul 2024 Date | | 1.25 Cons. EPS | 0.84 EPS |
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McGrath RentCorp Profile
| Rental & Leasing Services Industry | Industrials Sector | Mr. Joseph F. Hanna CEO | XDUS Exchange | US5805891091 ISIN |
| US Country | 1,219 Employees | 17 Jul 2025 Last Dividend | 28 Mar 2005 Last Split | 26 Mar 1990 IPO Date |
Overview
McGrath RentCorp is a distinguished business-to-business rental company with a broad international presence, primarily operational in the United States. Since its inception in 1979 and headquartered in Livermore, California, McGrath RentCorp has forged a unique path in the rental and sales market by focusing on relocatable modular buildings, portable storage containers, and electronic test equipment. The company caters to a wide array of needs across several sectors through its four major segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. Each segment encapsulates a specialized approach to offering high-quality, adaptable solutions for temporary or long-term requirements, underscoring McGrath RentCorp's commitment to enhancing efficiency and functionality in various operational spaces.
Products and Services
Mobile Modular
This segment excels in renting and selling modular buildings for diverse applications such as classrooms, temporary and sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, and general office spaces. Each structure is designed with flexibility and utility in mind, serving as an effective solution for temporary or permanent space challenges.
Portable Storage
McGrath RentCorp through its Portable Storage segment offers steel containers that are an ideal temporary storage solution. These rugged and secure containers are perfect for storing equipment, materials, or documents on-site, providing peace of mind and organized space to clients.
TRS-RenTelco
This division specializes in the rental and sale of general-purpose electronic test equipment, including oscilloscopes, amplifiers, analyzers, and power source test equipment. It serves a diverse client base across the aerospace, defense, electronics, industrial, research, and semiconductor industries. Additionally, TRS-RenTelco offers communications test equipment for various network and transmission requirements, supporting the needs of manufacturers, contractors, field technicians, and service providers with high-quality, reliable tools for comprehensive testing and analysis.
Enviroplex
Enviroplex focuses on the manufacturing and direct sale of portable classrooms to public school districts and other educational institutions in California. These buildings are designed to meet the specific needs of the educational sector, offering durable, cost-effective, and comfortable learning environments for students and teachers alike.
Contact Information
