McGrath Announces Results for Fourth Quarter 2023 and Announces 33rd Annual Dividend Increase
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
mgrc.com/investors
Company Research
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 December 31, 2023 of $221.6 million, an increase of 21% compared to the fourth quarter of 2022. The Company reported net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the fourth quarter of 2023, compared to net income from continuing operations of $35.0 million, or $1.43 per diluted share, for the fourth quarter of 2022.Total revenues from continuing operations for the full year ended December 31, 2023 increased to $831.8 million from $635.7 million in 2022, with adjusted EBITDA increasing $70.8 million, or 28%, to $322.0 million. Net income from continuing operations for the year ended December 31, 2023 was $111.9 million, or $4.56 per diluted share, compared to $103.3 million, or $4.21 per diluted share,
Show less
Read more
Impact Snapshot
Event Time:
MGRC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGRC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGRC alerts
High impacting McGrath RentCorp news events
Weekly update
A roundup of the hottest topics
MGRC
News
- 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 2024 [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