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Last $25.50 USD
Change Today +0.21 / 0.83%
Volume 141.0K
MGRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

mcgrath rentcorp (MGRC) Snapshot

Open
$25.39
Previous Close
$25.29
Day High
$25.60
Day Low
$25.31
52 Week High
11/13/14 - $38.79
52 Week Low
07/31/15 - $23.48
Market Cap
658.3M
Average Volume 10 Days
140.7K
EPS TTM
$1.28
Shares Outstanding
25.8M
EX-Date
07/15/15
P/E TM
19.9x
Dividend
$1.00
Dividend Yield
3.88%
Current Stock Chart for MCGRATH RENTCORP (MGRC)

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mcgrath rentcorp (MGRC) Details

McGrath RentCorp, a business to business rental company, engages 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 and sells 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 and portable classrooms directly to public school districts and other educational institutions in California. McGrath RentCorp was founded in 1979 and is headquartered in Livermore, California.

995 Employees
Last Reported Date: 02/26/15
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: $346.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $344.6K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $266.7K
Vice President of Mobile Modular and Division...
Total Annual Compensation: $229.6K
Compensation as of Fiscal Year 2014.

mcgrath rentcorp (MGRC) Key Developments

McGrath Rentcorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year 2015

McGrath Rentcorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported total revenues for the quarter ended June 30, 2015, of $96.0 million, an increase of less than 1%, compared to $95.7 million in the second quarter of 2014. The Company reported net income of $8.5 million, or $0.32 per diluted share for the second quarter of 2015, compared to net income of $10.2 million, or $0.39 per diluted share, in the second quarter of 2014. 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. Adjusted EBITDA decreased 4% to $38.7 million for the second quarter of 2015 compared to the second quarter of 2014. Income from operations was $16,465,000 against $18,239,000 a year ago. Income before provision for income taxes was $14,033,000 against $16,794,000 a year ago. EBITDA was $37,645,000 against $39,179,000 a year ago. Net borrowings increased $14.7 million from $322.5 million at the end of 2014 to $337.2 million at the end of the second quarter 2015. For the six months, income from operations was $30,340,000 against $33,466,000 a year ago. Income before provision for income taxes was $25,349,000 against $29,730,000 a year ago. Net income was $15,336,000 against $18,076,000 a year ago. Diluted earnings per share was $0.58 against $0.69 a year ago. Total revenues were $186,214,000 against $183,305,000 a year ago. Net cash provided by operating activities was $65,263,000 against $55,172,000 a year ago. Purchase of property, plant and equipment was $5,832,000 against $6,101,000 a year ago. Purchase of rental equipment was $71,237,000 against $68,105,000 a year ago. Adjusted EBITDA was $74,211,000 against $76,234,000 a year ago. EBITDA was $72,258,000 against $74,250,000 a year ago. The company revises its previous 2015 full-year earnings guidance range of $1.75 to $1.95 to an updated range of $1.55 to $1.65 per diluted share. For the full-year 2015, the company expects 2% to 5% growth in rental revenues over 2014. Sales revenue is expected to be approximately 20% lower than 2014. Rental equipment depreciation expense is expected to increase to between $76 and $78 million, driven by rental fleet growth. Full year interest expense is expected to be between $9.5 and $10.5 million. The company expects the 2015 effective tax rate to be 39.5% and the diluted share count to be between 26.0 and 26.2 million shares.

Mobile Modular Portable Storage Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Mobile Modular Portable Storage announced unaudited earnings results for the second quarter ended June 30, 2015. Rental revenues for the second quarter grew by 36%, from the same period a year ago. EBIT was up two-fold from the second quarter of 2014.

McGrath Rentcorp to Report Q2, 2015 Results on Jul 30, 2015

McGrath Rentcorp announced that they will report Q2, 2015 results on Jul 30, 2015

 

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Industry Analysis

MGRC

Industry Average

Valuation MGRC Industry Range
Price/Earnings 15.4x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 15.2x
TEV/Sales 0.8x
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