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Mcgrath Rentcorp (MGRC)
NASDAQ:MGRC
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.99Last Year’s EPS
0.93Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 4.13%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights steady growth in revenue and strategic initiatives, particularly in the Mobile Modular segment. However, there are challenges with declining revenues in Portable Storage and TRS-RenTelco, impacted by broader market conditions. Positive indicators for 2025, such as increased quote activity, provide an optimistic outlook.Company Guidance
During the McGrath RentCorp Fourth Quarter 2024 Earnings Call, the company provided various metrics and insights into its performance and outlook. For Q4 2024, total revenues increased by 10% to $244 million, and adjusted EBITDA rose by 5% to $92 million compared to the previous year. Mobile Modular's rental revenues grew 8%, while sales revenues surged by 32%, driven by strategic growth initiatives. The company's overall fleet utilization was 75.1%, a slight dip from the previous year. Portable Storage saw a 15% decline in rental revenues due to decreased commercial construction activity, while TRS-RenTelco experienced a 9% drop in rental revenues amid industry-wide slowdowns. For the full year, McGrath reported a 10% growth in both revenue and adjusted EBITDA, with a positive outlook for 2025. The company expects total revenue for 2025 to range between $920 million and $970 million, with adjusted EBITDA projected between $345 million and $360 million. The guidance also included a reduction in gross rental equipment capital expenditures to between $120 million and $130 million, and the company highlighted its strong balance sheet and cash flow, indicating potential for strategic investments and shareholder returns.Overall Revenue and EBITDA Growth
Total company revenues increased 10% and adjusted EBITDA increased 5% for the fourth quarter compared to a year earlier.
Mobile Modular Growth
Mobile Modular had a strong quarter with rental revenues growing 8% and sales revenues growing 32%. Adjusted EBITDA increased 13% to $61 million.
Strategic Initiatives and Market Expansion
Continued progress with Modular strategic growth initiatives, including pricing optimization and growth in Mobile Modular Plus services.
Positive Indicators for 2025
Increased quote activity across all business segments in January, indicating potential future orders.
Company Milestones
McGrath's 40th anniversary as a NASDAQ-listed company and the 34th consecutive year of dividend increase.
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MGRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $123.85 | $128.96 | +4.13% |
| Oct 24, 2024 | $104.80 | $113.71 | +8.50% |
| Jul 25, 2024 | $114.66 | $110.10 | -3.98% |
| Apr 25, 2024 | $107.94 | $110.32 | +2.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mcgrath Rentcorp (MGRC) report earnings?
Mcgrath Rentcorp (MGRC) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Mcgrath Rentcorp (MGRC) earnings time?
Mcgrath Rentcorp (MGRC) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGRC EPS forecast?
MGRC EPS forecast for the fiscal quarter 2025 (Q1) is 0.99.
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