NASDAQ Framework: McGrath RentCorp
Business-to-business rentals: modular buildings, storage. 1
1: McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Portable Storage segment offers steel containers to provide a temporary storage solution. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California. View Source
McGrath RentCorp, founded in 1979, is a diversified business-to-business rental company that rents and sells relocatable modular buildings, storage containers, and electronic test equipment. Operating through four primary segments—Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex—McGrath serves a variety of industries including education, healthcare, and construction. Headquartered in Livermore, California, the company has expanded significantly over the years while maintaining its core values of integrity and customer-centric service. McGrath is publicly traded on the NASDAQ under the symbol MGRC and is committed to fostering an inclusive and supportive work environment for its employees 234.
2: McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office spaces, and various other purposes. The TRS-RenTelco segment rents and sells general purpose electronic test equipment, such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment primarily to aerospace, defense, electronics, industrial, research, and semiconductor industries. It also provides communications test equipment, including network and transmission test equipment for various fiber, copper, and wireless networks to the manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians, and service providers. The Portable Storage segment offers steel containers to provide a temporary storage solution. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and other educational institutions in California. The company was incorporated in 1979 and is based in Livermore, California. View Source3: Founded in 1979, McGrath is a diversified business-to-business rental company that rents and sells relocatable modular buildings, storage containers and offices, and electronic test equipment. We operate through five divisions: Mobile Modular, Mobile Modular Portable Storage, TRS-RenTelco, KitchensToGo and Enviroplex. View Source4: McGrath is headquartered in Livermore, CA with branch offices located throughout North America. We are traded on the NASDAQ Global Select Market under the symbol "MGRC." View Source
5: McGrath RentCorp 3,269 followers 6d Report this post 📢 Join Mobile Modular Management Corporation as an Administrative Assistant/Receptionist! Support our Sales and Operations teams with various administrative tasks. Enjoy great perks, career growth, and a dynamic work environment. Apply now! https://ow.ly/agZu50SEzg5 #JobOpening #AdminAssistant #Careers 26 2 Comments Like Comment Share McGrath RentCorp 3,269 followers 2w Report this post “In celebration of Independence Day, our offices will be closed on July 4th and 5th. We’re taking this time to relax and recharge, and we’ll be back and ready to assist you on Monday, July 8th. We hope you have a wonderful 4th of July filled with joy and festivities! Happy Holidays from all of us at McGrath!” ~ Joe Hanna - President/CEO 28 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post As we commemorate Juneteenth, it's important to reflect on the significance of this day in American history. Juneteenth marks the end of slavery in the United States and stands as a symbol of freedom, resilience, and the ongoing fight for equality. Today, we honor the strength and spirit of African Americans who endured and overcame unimaginable challenges. We reflect on the past, acknowledge the struggles, and celebrate the progress made. At the same time, we recognize that there is still much work to be done to achieve true equity and justice. At McGrath, we are dedicated to fostering an inclusive environment where diversity is celebrated, and everyone has the opportunity to thrive. We stand in solidarity with our Black employees, customers, and communities in the ongoing journey toward justice and equality. Let’s use this day to educate ourselves, reflect on our shared history, and continue working together for a better future. Happy Juneteenth! 10 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post Juneteenth is not only a celebration of freedom but also a recognition of African American culture, history, and achievements. From traditional red foods symbolizing power, sacrifice, and transformation, to vibrant parades and festivals, Juneteenth is a time for reflection and joy. How do you celebrate Juneteenth? Comment below 👇 18 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post Juneteenth was declared a federal holiday on June 17, 2021, when President Joe Biden signed the Juneteenth National Independence Day Act into law. This recognition underscores the importance of this day in American history. Let's celebrate freedom and progress together. #Juneteenth2024 19 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post Last Friday, our Livermore, CA teams got an early start on Father’s Day celebrations with a BBQ lunch and root beer floats! We hope everyone had a wonderful Father’s Day. Whether you’re a biological father, stepdad, adoptive dad, or a father figure, your love and support make a lasting impact. We hope you had a fantastic day filled with joy, appreciation, and cherished moments with your loved ones. Cheers to you! #FathersDay #Celebration #TeamSpirit +3 74 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post Happy Father's Day! 🎉 Today, we celebrate not only fathers but also the amazing mentors and father figures who shape our lives with their wisdom and guidance. Thank you for being a source of strength and inspiration. ❤️ #FathersDay #Mentors #FatherFigures #Gratitude 20 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post The first Juneteenth celebrations were held in Texas in 1866, featuring prayer meetings, singing, and the reading of the Emancipation Proclamation. By 1980, Texas became the first state to officially recognize Juneteenth as a state holiday. Let's honor the traditions and history of Juneteenth. 17 Like Comment Share McGrath RentCorp 3,269 followers 1mo Report this post As we approach Juneteenth, it's important to remember its historical significance. Juneteenth, also known as Freedom Day, commemorates the emancipation of the last remaining enslaved African Americans in the United States. On June 19, 1865, Union General Gordon Granger announced in Galveston, Texas, that all slaves were free. Stay tuned as we share more about this pivotal moment in American history. #Juneteenth #FactFriday 11 Like Comment Share McGrath RentCorp 3,269 followers 1mo Edited Report this post 🌈 Celebrating Pride Month & Women Veterans Day with Kelly McFarland 🌟 As we embrace Pride Month, we celebrate the strength, resilience, and diversity of the LGBTQ+ community. This month signifies a time of reflection, joy, and unity as we honor the progress made and the journey ahead. 🌈✨ In conjunction, we proudly recognize Women Veterans Day, saluting the incredible contributions and sacrifices of women who have served in the military. Their courage, dedication, and leadership have paved the way for future generations. 💪 Meet Kelly McFarland: 💬 What does Pride Month signify to you personally, and how do you celebrate or acknowledge it? "I am proud that the umbrella of Pride Month has gotten bigger over the years as our community welcomes more diversity and allies." 💬 As we recognize Women Veterans Day, what does this day mean to you? How do you honor the contributions of women veterans? "I am honored to be part of this important recognition. I retired from the US Navy Reserve community as a Chief. I honor the contributions of women veterans by sharing their stories, supporting women’s veterans' groups, and connecting women veterans to groups and services whenever possible." 💬 Can you share a memorable experience or story that connects you to Pride Month or Women Veterans Day? "I met my wife 30 years ago at San Francisco’s Pride Parade, so that’s an amazing day in my life. Pride Month is very important to us and part of our anniversary celebration every year." 💬 How do you think recognizing events like Pride Month and Women Veterans Day impacts our community and workplace? "Recognizing and celebrating diversity are always great things to do! Highlighting communities and shedding light on individual stories allows us greater understanding of each other. We also learn more about important contributions from these communities to our whole society. When this recognition happens in the workplace it creates a better team and a bigger sense of belonging." Let's continue to celebrate, support, and honor the vibrant diversity within our communities through the inspiring stories of individuals like Kelly McFarland! #PrideMonth #WomenVeteransDay #Diversity #Inclusion #PrideAndHonor #LGBTQ+ #Veterans 43 5 Comments Like Comment Share View Source6: McGrath was founded by Bob McGrath in March in a small two-acre inventory center in San Leandro, California; his goal was to hire good employees, provide a supportive and friendly work environment, and instill integrity into all transactions. View Source
LOW RISK
McGrath RentCorp is profitable and has consistently exceeded analyst expectations with strong financial performance, as evidenced by their Q1 2024 results 7. The company has a robust benefits package and a supportive work environment, indicating financial stability 8. Additionally, McGrath has been able to raise its dividend annually for over a quarter-century, further showcasing its strong financial health 9. The recent acquisition by WillScot Mobile Mini, which is expected to generate significant synergies and cash flow, also supports a low-risk assessment 1011.
McGrath RentCorp is profitable and has consistently exceeded analyst expectations with strong financial performance, as evidenced by their Q1 2024 results 7. The company has a robust benefits package and a supportive work environment, indicating financial stability 8. Additionally, McGrath has been able to raise its dividend annually for over a quarter-century, further showcasing its strong financial health 9. The recent acquisition by WillScot Mobile Mini, which is expected to generate significant synergies and cash flow, also supports a low-risk assessment 1011.
7: McGrath RentCorp (MGRC) Exceeds Analyst Expectations with Strong Q1 2024 Performance View Source8: With a McGrath career, you can enjoy a broad selection of best in the industry benefits that are designed for the right work-life balance, while promoting growth. Our robust benefits package includes a variety of medical plans, retirement plan options, life insurance and tuition reimbursement, as well as paid holidays and vacation time. We strongly support and invite active military personnel and veterans for many of the possible McGrath jobs available. View Source9: In 2016, McGrath became one of an elite group of well-managed companies that have consistently been in the financial position to raise their dividend to shareholders every year for over a quarter-century; Nasdaq: MGRC annual dividend increases continue. View Source10: Tempe-based WillScot Mobile Mini's proposed acquisition of McGrath RentCorp received the green light from shareholders, paving the way for a $3.8 billion cash and stock deal. View Source11: In a special meeting Thursday, a majority of McGrath shareholders voted in favor of the combined company, which will serve more than 85,000 customers and is expected to generate more than $700 million in annual cash flow after the deal closes, according to a regulatory filing. View Source
NO
There is no evidence indicating that McGrath RentCorp is launching any new product offerings. The provided facts do not mention any new products being introduced by the company.
There is no evidence indicating that McGrath RentCorp is launching any new product offerings. The provided facts do not mention any new products being introduced by the company.
McGrath RentCorp's product roadmap and expansion strategy for 2024 through to 2026 focuses on leveraging recent acquisitions and strategic partnerships to enhance its core modular construction and rentals business. Following the divestment of Adler Tank Rentals and the acquisition of Vesta Modular in February 2023, McGrath aims to expand Mobile Modular's portfolio of modular solutions, locations, and turnkey services 1213. The company continues to emphasize its commitment to customer-centric service and sustainable practices, ensuring that its growth aligns with its core values of integrity and inclusivity 1415. This strategic direction is expected to be further bolstered by the synergies anticipated from its acquisition by WillScot Mobile Mini, positioning McGrath RentCorp for robust financial performance and market expansion 1617.
12: In February 2023 McGrath RentCorp (MGRC) divested Adler Tank Rentals to focus on its core of modular construction and rentals business. View Source13: In February 2023 McGrath RentCorp (MGRC) announced the acquisition of Vesta Modular and expanded Mobile Modular's portfolio of modular solutions, locations and turnkey services. View Source14: The new logo of repeating "Ms" reflects our strategic priorities and growth opportunities while reinforcing our core values. McGrath also introduced a new tagline: Enabling our customers to do great things™. We believe our new tagline reinforces McGrath's customer-centric approach and the small, but vitally important role we play in contributing to our customers' success. View Source15: At McGrath, we believe that effectiveness and ethics go hand in hand and that the best way to be a healthy company is to help build a strong society. From our commitment to environmentally sustainable building construction to our many local community programs, we strive to put our values into practice and empower our employees to act for the greater good. View Source16: Tempe-based WillScot Mobile Mini's proposed acquisition of McGrath RentCorp received the green light from shareholders, paving the way for a $3.8 billion cash and stock deal. View Source17: In a special meeting Thursday, a majority of McGrath shareholders voted in favor of the combined company, which will serve more than 85,000 customers and is expected to generate more than $700 million in annual cash flow after the deal closes, according to a regulatory filing. View Source