McGrath Announces Results for Second Quarter 2024
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Business Wire
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 June 30, 2024 of $212.6 million, an increase of 5% compared to the second quarter of 2023. The Company reported net income from continuing operations of $20.6 million, or $0.84 per diluted share, for the second quarter of 2024, compared to net income from continuing operations of $28.0 million, or $1.14 per diluted share, for the second quarter of 2023.SECOND QUARTER 2024 YEAR-OVER-YEAR COMPANY HIGHLIGHTS (FROM CONTINUING OPERATIONS):Rental revenues increased 3% to $121.2 million.Total revenues increased 5% to $212.6 million.Selling and administrative expenses increased 31% to $61.4 million primarily due to $12.4 million in transaction costs attributable to the pending merger with WillScot Mobile Mini, which decreased 2024 net income from cont
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MGRC
News
- McGrath RentCorp (NASDAQ: MGRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- McGrath Sets Third Quarter 2024 Financial Results Date and TimeBusiness Wire
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at Oppenheimer Holdings Inc.. They set an "outperform" rating and a $120.00 price target on the stock.MarketBeat
- McGrath RentCorp (NASDAQ: MGRC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Why McGrath RentCorp Stock Slumped on Wednesday [Yahoo! Finance]Yahoo! Finance
MGRC
Earnings
- 7/25/24 - Miss
MGRC
Sec Filings
- 10/8/24 - Form 8-K
- 9/18/24 - Form 8-K
- 8/5/24 - Form 4
- MGRC's page on the SEC website