Last $35.23 USD
Change Today -0.46 / -1.29%
Volume 50.1K
MGRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

mcgrath rentcorp (MGRC) Snapshot

Open
$35.51
Previous Close
$35.69
Day High
$35.92
Day Low
$35.08
52 Week High
11/22/13 - $40.10
52 Week Low
05/1/14 - $29.02
Market Cap
914.1M
Average Volume 10 Days
53.4K
EPS TTM
$1.60
Shares Outstanding
25.9M
EX-Date
10/15/14
P/E TM
22.0x
Dividend
$0.98
Dividend Yield
2.75%
Current Stock Chart for MCGRATH RENTCORP (MGRC)

Related News

No related news articles were found.

mcgrath rentcorp (MGRC) Related Businessweek News

No Related Businessweek News Found

mcgrath rentcorp (MGRC) Details

McGrath RentCorp, a business to business rental company, is engaged in the rental and sale of relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. It operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The Mobile Modular segment rents modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office space, and various other purposes; and portable storage containers. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment for aerospace, defense, communications, manufacturing, and semiconductor industries. This segment also provides communications test equipment comprising network and transmission test equipment for various fiber, copper, and wireless networks to manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Adler Tanks segment is involved in the rental of fixed axle steel tanks for the storage of groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures, and chemicals; vacuum containers for sludge and solid materials, and for on-site storage or transportation of materials off-site; dewatering boxes for separation of water contained in sludge and slurry; and roll-off and trash boxes for temporary storage and transportation of solid waste. The Enviroplex segment manufactures and sells modular classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.

911 Employees
Last Reported Date: 02/28/14
Founded in 1979

mcgrath rentcorp (MGRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $337.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $335.0K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $260.0K
Vice President of Mobile Modular and Division...
Total Annual Compensation: $221.0K
Compensation as of Fiscal Year 2013.

mcgrath rentcorp (MGRC) Key Developments

McGrath RentCorp Declares Quarterly Dividend, Payable on October 31, 2014

The Board of Directors of McGrath Rentcorp declared a quarterly cash dividend of $0.245 per common share for the quarter ended September 30, 2014. The dividend will be payable on October 31, 2014 to all shareholders of record on October 17, 2014.

McGrath Rentcorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reconfirms Earnings Guidance for the Full Year 2014

McGrath RentCorp reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $95,745,000 against $87,156,000 a year ago. Income from operations was $18,239,000 against $18,377,000 a year ago. Income before provision for income taxes was $16,794,000 against $16,197,000 a year ago. Net income was $10,205,000 or $0.39 diluted per share against $9,848,000 or $0.38 diluted per share a year ago. EBITDA was $39,179,000 against $37,191,000 a year ago. Adjusted EBITDA was $40,208,000 against $38,320,000 a year ago. Net cash provided by operating activities was $17,120,000 against $24,665,000 a year ago. For 2014 second quarter, adjusted EBITDA increased $1.9 million or 5% to $40.2 million compared to the same period in 2013. Second quarter 2014 results included a $0.8 million non-operating gain on sale of an excess property, which contributed $0.02 per diluted share. For the six months, the company's total revenues were $183,305,000 against $175,898,000 a year ago. Income from operations was $33,466,000 against $35,766,000 a year ago. Income before provision for income taxes was $29,730,000 against $31,354,000 a year ago. Net income was $18,076,000 or $0.69 diluted per share against $19,063,000 or $0.74 diluted per share a year ago. Purchase of rental equipment was $68,105,000 against $56,241,000 a year ago. Purchase of property, plant and equipment was $6,101,000 against $4,156,000 a year ago. EBITDA was $74,250,000 against $73,359,000 a year ago. Adjusted EBITDA was $76,234,000 against $75,614,000 a year ago. Net cash provided by operating activities was $55,172,000 against $66,239,000 a year ago. Net cash provided by operating activities was decreased $11.1 million compared to 2013. The decrease was primarily attributable to a lower increase in accounts payable and accrued liabilities, an increase in accounts receivable, lower income from operations and other balance sheet changes. The company invested $68.1 million for rental equipment purchases compared to $56.2 million for the same period in 2013, partly offset by $13.8 million proceeds from sales of used rental equipment. Property, plant and equipment purchases increased $1.9 million to $6.1 million in 2014. Net borrowings increased $17 million from $290 million at the end of 2013 to $307 million at the end of the second quarter 2014. The company reconfirms its expectation that its 2014 full-year earnings per share will be in a range of $1.70 to $1.85 per diluted share.

McGrath Rentcorp to Report Q2, 2014 Results on Jul 31, 2014

McGrath Rentcorp announced that they will report Q2, 2014 results After-Market on Jul 31, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MGRC:US $35.23 USD -0.46

MGRC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Black Diamond Inc $7.66 USD -0.04
Electro Rent Corp $14.11 USD +0.05
Mobile Mini Inc $36.50 USD -0.31
Oil States International Inc $61.71 USD -0.22
Speedy Hire PLC 67.00 GBp 0.00
View Industry Companies
 

Industry Analysis

MGRC

Industry Average

Valuation MGRC Industry Range
Price/Earnings 22.1x
Price/Sales 2.4x
Price/Book 2.3x
Price/Cash Flow 21.8x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MCGRATH RENTCORP, please visit www.mgrc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.