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McGrath RentCorp (MGRC) Company Profile

Updated Jul 3, 2019
McGrath RentCorp has the following business profile:
Company's Full Name:McGrath RentCorp
Short Name:McGrath RentCorp
Trading Ticker Symbol:MGRC
Primary Exchange:NASDAQ
Headquarter City/Country:California, CA
Primary Industry Sector:Technology
Seconday Sub-sector:Diversified Commercial Services
Main Business Areas: Technology, Diversified Commercial Services, Industrials, Rental & Leasing Services
Dividend Payments:Dividend History

Market and Trading Information for McGrath RentCorp

The following details were available for trading and market data about the stock of McGrath RentCorp as of writing:
Current Share Price:$62.88
Previous Year's Closing Price:$51.48
Percentage Price Change (YTD):22.14%
Market Cap:$1.54 billion
52-week Price Range:$45.85 - $65.81
Dividend Per Share:$1.36
EPS (TTM):3.4
Price-Earnings (Trailing):18.5
Price-Earnings (Forward):16.9

Company Profile and Business Description for McGrath RentCorp

McGrath RentCorp, incorporated on March 27, 1979, is a diversified business-to-business rental company. The Company has four rental divisions: relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company operates through four business segments: modular building and portable storage segment (Mobile Modular); electronic test equipment segment (TRS-RenTelco); a subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and a subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage division.

Mobile Modular

The Company's Mobile Modular business segment purchases modulars from manufacturers building to Mobile Modular's design specifications. Mobile Modular operates from regional sales and inventory centers in California, Texas, and Florida, serving geographic areas in these states, and sales offices serving North Carolina, Georgia, Maryland, Virginia and Washington, D.C. The California, Texas and Florida regional sales and inventory centers have in-house infrastructure and operational capabilities to support repair, modification, and refurbishment of equipment for the next rental opportunity.

The Mobile Modular segment maintains and repairs its rental equipment. When rental equipment returns from a customer, the necessary repairs and preventative maintenance are performed prior to its next rental. Mobile Modular builds regional sales and inventory centers and an installed customer base under a single overhead structure. In addition to operating its rental fleet, Mobile Modular sells modulars to customers.

TRS-RenTelco

As of December 31, 2016, the Company's TRS-RenTelco rented and sold electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility), Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). The Dallas facility, TRS-RenTelco's primary operating location, houses the electronic test equipment inventory, sales engineers, calibration laboratories, and operations staff for the United States and international business. The Montreal facility houses sales engineers and operations staff to serve the Canadian market. The Bangalore facility houses sales engineers and operations staff to serve the Indian market. Engineers, technicians and scientists utilize general purpose electronic test equipment in developing products, controlling manufacturing processes, completing field service applications and evaluating the performance of their own electrical and electronic equipment. These instruments are rented primarily to aerospace, defense, electronics, industrial, research and semiconductor industries.

Communications test equipment, including fiber optic test equipment, is utilized by technicians, engineers and installation contractors to evaluate voice, data and multimedia communications networks, to install fiber optic cabling, and in the development and manufacturing of transmission, network and wireless products. These instruments are rented primarily to manufacturers of communications equipment and products, electrical and communications installation contractors, field technicians and service providers. TRS-RenTelco's general purpose test equipment rental inventory includes oscilloscopes, amplifiers, analyzers (spectrum, network and logic), signal source and power source test equipment. The communications test equipment rental inventory includes network and transmission test equipment for various fiber, copper and wireless networks. TRS-RenTelco also rents electronic test equipment from other rental companies and re-rents the equipment to customers. TRS-RenTelco markets its electronic test equipment throughout the United States, Canada, India and other countries.

Adler Tanks

The Company's Adler Tanks segment's rental inventory consists of tanks and boxes that are used for containment solutions to store hazardous and non-hazardous liquids and solids in applications, such as oil and gas exploration and field services, refinery, chemical and industrial plant maintenance, environmental remediation and field services, infrastructure building construction, marine services, pipeline construction and maintenance, tank terminals services, wastewater treatment, and waste management and landfill services. The tanks and boxes consist of products, such as fixed axle steel tanks (tanks) for the storage of groundwater, wastewater, volatile organic liquids, sewage, slurry and bio sludge, oil and water mixtures and chemicals, which are available in a range of sizes, including 21,000 gallon, 16,000 gallon and 8,000 gallon sizes, and vacuum containers (boxes), which provide containment of sludge and solid materials and may be used for additional on-site storage or for transporting materials off-site enabling vacuum trucks to remain in operation. The tanks and boxes also consist of products, such as dewatering boxes for the separation of water contained in sludge and slurry, and roll-off and trash boxes for the temporary storage, and transport of solid waste. Adler Tanks purchases tanks and boxes from various manufacturers located throughout the country.

Enviroplex

The Company's subsidiary, Enviroplex, manufactures modular buildings, which are used primarily as classrooms in California from its facility in Stockton, California (San Francisco Bay Area). Enviroplex provides classroom and specialty space needs serving public and private schools, colleges and universities. Enviroplex manufactures portable classrooms built to the requirements of the California Division of the State Architect (DSA) and sells directly to California public school districts and other educational institutions.

The Company competes with Electro Rent Corporation, Continental Resources, Microlease, TestEquity, BakerCorp, Rain For Rent, Williams Scotsman International, Inc. and Modspace, Inc.

5700 Las Positas Rd

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