Market Overview

McGrath RentCorp: Q3 Earnings Insights

Share:

Shares of McGrath RentCorp (NASDAQ:MGRC) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 12.88% year over year to $1.15, which beat the estimate of $1.02.

Revenue of $156,448,000 declined by 9.86% year over year, which beat the estimate of $151,650,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

McGrath RentCorp hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/i2kdenij

Technicals

Company's 52-week high was at $83.95

52-week low: $44.32

Price action over last quarter: down 2.68%

Company Description

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues primarily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

 

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Posted-In: Earnings