Headquartered in Livermore, CA Fiscal year ends December NASDAQ: MGRC mgrc.com
McGrath RentCorp (Nasdaq: MGRC) is a business-to-business rental company in North America, founded in 1979, that operates through four segments.
- **Mobile Modular:** rents and sells relocatable modular buildings, along with rental-related services such as delivery, dismantle and site work. Its customers are in the commercial and education markets.
- **Portable Storage (Mobile Modular Portable Storage):** rents and sells portable storage containers, with demand tied largely to commercial construction activity.
- **TRS-RenTelco:** rents and sells electronic test equipment for the semiconductor, general purpose and communications test markets. It has recently benefited from projects supporting data center buildouts.
- **Enviroplex:** manufactures and sells modular classrooms.
The company earns most of its revenue from recurring rental operations and supplements it with sales of new and used equipment. It positions its rental offerings as part of the circular supply economy. McGrath has a long record of annual dividend increases, which it puts at over 35 consecutive years. Updated
Test equipment rental revenue at TRS-RenTelco rose 26% to $35.4 million, carrying the quarter past expectations after two straight misses. Management raised rental fleet capex guidance to $270 to $290 million to chase data center demand.
McGrath RentCorp leads today's dividend payers with about $12.1 million in cash going to shareholders, at 49.5 cents a share, landing October 30. Horizon Technology Finance and Cracker Barrel round out the group with payments due in November.
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McGrath RentCorp (Nasdaq: MGRC) is a business-to-business rental company in North America, founded in 1979, that operates through four segments. - **Mobile Modular:** rents and sells relocatable modular buildings, along with rental-related services such as delivery, dismantle and site work.
24/7 Wall St.'s 12-month price target for MGRC is $152.16, rated Buy. The Wall Street consensus target is $146.60. MGRC price prediction →
