Electro Rent Corporation is engaged in the rental, lease, and sale of new and used electronic test and measurement equipment. The company’s customers rent, lease and buy its test and measurement equipment, and use that equipment primarily in the aerospace and defense, telecommunications, electronics, industrial and semiconductor markets. Segments The company operates through two segments, Test and Measurement Equipment, and Data Products. Rental and Lease Business: The company maintains an equipment portfolio comprising test and measurement and data products equipment purchased from manufacturers, which it warehouses in various locations worldwide to serve rental and lease customers. Used Equipment Sales: The company sells used equipment that was previously held for rent and lease. Used equipment is sold at substantial discounts compared to new equipment. New Equipment Sales: The company sells new test and measurement equipment. Suppliers The company purchases test and measurement equipment from manufacturers such as Keysight Technologies, Inc.; Anritsu, Inc.; Rohde & Schwarz Gmbh & Co. KG; and Tektronix Inc. Seasonality The seasonal spending patterns of the company’s customers are affected by factors, such as weather, holiday and vacation considerations, and budgetary cycles. Regardless of the overall economic outlook domestically and globally, December, January and February typically reflect lower rental activity. In addition, because February is a short month, revenue billing in that month is reduced. Competition The company’s primary competitors include McGrath RentCorp; Continental Resources, Inc.; Test Equity LLC; Microlease plc; Livingston Group Ltd.; SmartSource Rentals; Rentex Inc.; Rentfusion Corporation; and Vernon Computer Source. History Electro Rent Corporation was founded in 1965. The company was incorporated in California in 1965.
electro rent corp
(ELRC:Consolidated Issue Listed on NASDAQ Global Select )
6060 Sepulveda Boulevard
Van Nuys, CA 91411
|Continental Resources Inc/OK||$30.22 USD||-1.88|
|Continental Resources Inc/MA||$425.04 USD||0.00|
|Keysight Technologies Inc||$31.30 USD||-0.74|
|McGrath RentCorp||$25.38 USD||-0.275|
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