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 First Quarter Earnings and Conference Call Scheduled for April 24, 2025
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its first quarter ending March 31, 2025, after the close of regular market trading on Thursday, April 24, 2025. McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on April 24, 2025, to discuss the results. The conference call may be acce.
McGrath to Participate in the Sidoti Small-Cap Virtual Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Sidoti Small-Cap Virtual Conference on Wednesday, March 19, 2025. ABOUT MCGRATH: McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with.
McGrath RentCorp (MGRC) Q4 2024 Earnings Call Transcript
McGrath RentCorp (NASDAQ:MGRC ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Mark Riddick - Sidoti Daniel Moore - CJS Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Fourth Quarter 2024 Earnings Call.
McGrath (MGRC) Tops Q4 Earnings Estimates
McGrath (MGRC) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.30 per share a year ago.
McGrath Announces Results for Fourth Quarter 2024 and Announces 34th Annual Dividend Increase
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended December 31, 2024 of $243.7 million, an increase of 10% compared to the fourth quarter of 2023. The Company reported net income from continuing operations of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024, compared to net income f.
McGrath Celebrates 40th Listing Anniversary
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the completion of the major milestone of its 40th anniversary listed on the Nasdaq. In recognition of this milestone, McGrath will be honored by being displayed on the Nasdaq Tower in Times Square on February 11. Joe Hanna, President and CEO, remarked, “Our company crossed the 2024 finish line, marking the completion of.
McGrath to Present at CJS Securities 25th Annual New Ideas for the New Year Conference
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on Tuesday, January 14, 2025. The Company will be presenting at 1:35 p.m. ET. A simultaneous webcast and presentation slides will be available in.
McGrath RentCorp: Modular Segment Should Lead Growth Ahead
McGrath RentCorp faces near-term softness due to weak demand but expects growth from the modular segment. Despite challenges in Portable Storage and TRS segments, disciplined cost management and strong pricing in Mobile Modular should drive margin expansion in FY24. Long-term prospects are promising due to infrastructure investments and market expansion, making the stock a decent buy at current levels.
McGrath Declares Quarterly Dividend
LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors' declaration of a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend.
