McGrath Announces Results for Third 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 September 30, 2024 of $266.8 million, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income from continuing operations of $40.4 million, or $1.65 per diluted share, for the third quarter of 2023. Excluding the $180.0 million merger termination payment received from WillScot Mobile Mini and $39.4 million in transaction costs incurred during the quarter, net of provision for income taxes, the Company reported net income from continuing operations of $45.9 million, or $1.87 per diluted share.THIRD QUARTER 2024 YEAR-OVER-YEAR COMPANY HIGHLIGHTS (FROM CONTINUING OPERATIONS):Rental revenu
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MGRC
News
- McGrath RentCorp (NASDAQ: MGRC) had its price target raised by analysts at Oppenheimer Holdings Inc. from $124.00 to $139.00. They now have an "outperform" rating on the stock.MarketBeat
- McGrath to Present at the Baird 2024 Global Industrial ConferenceBusiness Wire
- WillScot Reports Third Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- McGrath RentCorp (NASDAQ: MGRC) had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $124.00. They now have an "outperform" rating on the stock.MarketBeat
- McGrath RentCorp (MGRC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MGRC
Earnings
- 10/24/24 - Beat
MGRC
Sec Filings
- 11/7/24 - Form 4
- 11/7/24 - Form 144
- 11/6/24 - Form 144
- MGRC's page on the SEC website