McGrath RentCorp (NASDAQ:MGRC – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $129.

Reports Q4 revenue $243.7M, consensus $246.93M. Joe Hanna, President and CEO of McGrath, made the following comments: “We were pleased with our

McGrath RentCorp, a leading provider of modular and portable storage solutions, has reported strong fourth quarter 2024 results, despite navigating some tough market demand conditions. The company's total revenues increased by 10% and adjusted EBITDA grew by 5% compared to the same period in 2023.

LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — McGrath RentCorp (MGRC) on Wednesday reported profit of $38.9 million in its fourth quarter. On a per-share basis, the Livermore, California-based company said it had net income of $1.58. The business-to-business rental company posted revenue of $243.7 million in the period.

Oppenheimer analyst Scott Schneeberger reiterated a Buy rating on Mcgrath Rentcorp (MGRC – Research Report) today and set a price target of

Keith Pratt; Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary; McGrath RentCorp Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp fourth-quarter 2024 earnings call.

McGrath (MGRC) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.