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Mcgrath Rentcorp (MGRC)
NASDAQ:MGRC
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.22Last Year’s EPS
0.84Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 5.38%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative aspects. There were notable revenue and EBITDA growths along with successful segments like Mobile Modular and TRS RenTelco. However, challenges such as a decline in portable storage revenue and lower fleet utilization were highlighted, compounded by economic uncertainties and potential impacts from tariffs.Company Guidance
During McGrath RentCorp's first quarter of 2025 earnings call, the company provided guidance for the year, projecting total revenue between $920 million and $960 million and adjusted EBITDA between $343 million and $355 million. The company noted a 4% increase in total revenues to $195.4 million for the quarter, with adjusted EBITDA rising 3% to $74.5 million. Mobile Modular's rental revenues grew by 3%, while Portable Storage rental revenues declined by 13%. TRS RenTelco saw rental revenues increase slightly, with improved utilization rates. The company highlighted ongoing economic uncertainties, including potential impacts from tariffs, though they expect these to have a limited effect on 2025 performance. McGrath is focused on expanding its geographic presence and maintaining strong cash flow, with gross rental equipment capital expenditures anticipated between $115 million and $125 million. Despite challenges, the company remains optimistic about its strategic initiatives and M&A opportunities to drive future growth.Revenue and EBITDA Growth
Total company revenues increased 4% to $195.4 million, and adjusted EBITDA increased 3% to $74.5 million compared to a year earlier.
Mobile Modular Success
Mobile Modular's adjusted EBITDA increased 10% to $47.6 million, with rental revenues growing 3% and a 22% increase in rental-related services.
TRS RenTelco Improvement
TRS RenTelco saw a slight increase in rental revenues for the first time since Q1 2023, with total revenues increasing 4% to $35 million.
Cash Flow and Debt Reduction
Net cash from operating activities was $54 million, allowing for $12 million in shareholder dividends and reducing debt by $31 million.
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MGRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MGRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $104.02 | $103.37 | -0.62% |
| Feb 19, 2025 | $123.29 | $128.37 | +4.12% |
| Oct 24, 2024 | $104.32 | $113.20 | +8.51% |
| Jul 25, 2024 | $114.14 | $109.60 | -3.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mcgrath Rentcorp (MGRC) report earnings?
Mcgrath Rentcorp (MGRC) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Mcgrath Rentcorp (MGRC) earnings time?
Mcgrath Rentcorp (MGRC) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGRC EPS forecast?
MGRC EPS forecast for the fiscal quarter 2025 (Q2) is 1.22.
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