McGrath RentCorp (OQ:MGRC)
Business Focus: Commercial Equipment Rental
| Sector: Industrials | Industry: Business Support Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5700 Las Positas Rd LIVERMORE CA 94551-7806 |
| Tel: | 1-925-6069200 |
| Website: | https://www.mgrc.com |
| IR: | See website |
| Key People | ||
| Joseph F. Hanna President, Chief Executive Officer, Director | Keith E. Pratt Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary | Philip B. Hawkins Senior Vice President - Mobile Modular |
| Kristina Van Trease Senior Vice President - Strategy and Business Development | David M. Whitney Vice President, Principal Accounting Officer, Corporate Controller | Gilda Malek Vice President, General Counsel, Company Secretary |
| Tara Wescott Vice President - Human Resources | John P. Lieffrig Vice President - Division Manager of Mobile Modular Portable Storage | John P. Skenesky Vice President, TRS-RenTelco |
| Business Overview |
| McGrath RentCorp is a business-to-business rental company. The Company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco and Enviroplex. Mobile Modular segment is engaged in the modular building business. Mobile Modular segment is for temporary classroom and other educational space needs of public and private schools, colleges and universities in California, Florida, Georgia, Louisiana, Maryland, North Carolina, South Carolina, Texas, Virginia and Washington, D.C. Mobile Modular offers response to requests for information, assistance in the choice of a suitable size and floor plan, in-house customization services, delivery, installation and field service of its units. Portable Storage segment is engaged in the portable storage container business. TRS-RenTelco segment is engaged in the electronic test equipment business. Enviroplex segment includes its classroom manufacturing business selling modular buildings used primarily as classrooms in California. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, McGrath RentCorp revenues increased 31% to $831.8M. Net income before extraordinary items increased 8% to $111.9M. Revenues reflect Mobile Modular segment increase of 48% to $562.2M, Portable Storage segment increase of 23% to $101.1M. Net income was partially offset by TRS-RenTelco segment income decrease of 20% to $32.5M, Enviroplex segment loss increase from $313K to $2.2M. |
| Employees: | 1,204 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,426M as of Dec 31, 2023 |
| Annual revenue (TTM): | $831.84M as of Dec 31, 2023 |
| EBITDA (TTM): | $279.70M as of Dec 31, 2023 |
| Net annual income (TTM): | $111.85M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$223.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $762.10M as of Dec 31, 2023 |
| Shares outstanding: | 24,548,743 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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