McGrath Announces Results for First Quarter 2024 [Yahoo! Finance]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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mgrc.com/investors
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Source: Yahoo! Finance
company in North America, today announced total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024, compared to net income from continuing operations of $11.5 million, or $0.47 per diluted share, for the first quarter of 2023. FIRST QUARTER 2024 YEAR-OVER-YEAR COMPANY HIGHLIGHTS (FROM CONTINUING OPERATIONS): Rental revenues increased 9% to $120.3 million. Total revenues increased 15% to $187.8 million. Other income, net for the first quarter 2024 included a $9.3 million net gain on sale of a property, which increased earnings per diluted share by $0.28. Adjusted EBITDA increased 17% to $72.1 million. Dividend rate of $0.475 per share for the first quarter 2024. On an annualized basis, this dividend represents a 1.8% yield on the April 24, 2024
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News
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- McGrath RentCorp (NASDAQ:MGRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- McGrath RentCorp (MGRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- McGrath Announces Results for First Quarter 2024Business Wire
MGRC
Earnings
- 4/25/24 - Beat
MGRC
Sec Filings
- 5/2/24 - Form 425
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- MGRC's page on the SEC website