Core Viewpoint - McGrath (MGRC) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - For McGrath, the rising earnings estimates and the rating upgrade suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][11]. Earnings Estimate Revisions - McGrath is projected to earn $5.50 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 20.6% [8]. - Over the past three months, the Zacks Consensus Estimate for McGrath has risen by 10.8%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting their superior earnings estimate revision characteristics [9][10].

% McGRATH OCTOBER 24, 2024 Q3 2024 Quarterly Investor Presentation Safe Harbor Statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath's (the "Company's") expectations, strategies, prospects or targets are forward-looking statements. These forward-looking statements also can be identified by use of forward-looking terminology such as "antic ...

Financial Data and Key Metrics Changes - Total revenues from continuing operations increased 10% to $267 million and adjusted EBITDA increased 13% to $104 million for Q3 2024 [17] - The company received a $180 million payment from WillScot Mobile Mini due to the termination of the merger agreement, resulting in a net income contribution of $104 million or $4.21 per diluted share [17][18] - Year-to-date net cash provided by operating activities was $338 million compared to $119 million in the prior year, primarily due to the $180 million payment received [22] Business Line Data and Key Metrics Changes - Mobile Modular rental revenues grew 9% and sales revenues grew 14%, with adjusted EBITDA increasing 23% to $71.4 million [18] - Portable Storage rental revenues declined by 11% to $17 million, with adjusted EBITDA decreasing by 10% to $10.8 million [20] - TRS-RenTelco rental revenues decreased by 10% to $34.8 million, with adjusted EBITDA also down 10% to $18.9 million [20] Market Data and Key Metrics Changes - Utilization for Mobile Modular ended the quarter at 76.5%, while Portable Storage utilization was 62.8% [7][20] - Average rental equipment on rent decreased by 12% in Portable Storage, reflecting weaker demand conditions [20] - The overall demand environment for Portable Storage and TRS businesses is expected to remain soft into 2025 [11] Company Strategy and Development Direction - The company aims to continue growing its modular business both organically and through strategic acquisitions, with a focus on expanding geographic coverage [12][14] - Management emphasized the importance of maintaining pricing discipline and robust processes to support revenue growth [12] - The company is committed to building long-term shareholder value through disciplined capital allocation and consistent execution [25] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about potential demand improvements as interest rates are projected to ease [11] - The company is positioned to provide space and storage solutions in the aftermath of recent hurricanes, although new business opportunities may be limited in the short term [10] - Management acknowledged the uncertainty in the overall demand environment but remains positive about long-term growth prospects [12][14] Other Important Information - The company incurred $39 million in transaction costs related to the terminated merger agreement, which were excluded from selling and administrative expenses [22] - The total fleet value based on original cost of equipment was $357 million at the end of September, down $11 million from the second quarter [21] Q&A Session Summary Question: Performance of Mobile Modular in commercial and education markets - Management indicated that education rentals were up 10% and commercial rentals were up 8%, showing balanced performance [28] Question: Pricing versus volume dynamics - Management noted strong pricing dynamics and anticipated that this would continue into next year, with a healthy pricing environment [30][31] Question: Quoting activity and deliveries in Portable Storage - Management reported a decline in quoting opportunities and bookings in Portable Storage, expecting fourth-quarter performance to be lower than the third quarter [34] Question: Impact of semiconductor and 5G on TRS - Management highlighted ongoing weakness in the semiconductor market and a slowdown in wireless services, while wired communications remained strong [38] Question: Application of the $180 million cash inflow - Management stated that the funds would provide flexibility for capital allocation, including organic investments, M&A opportunities, and debt reduction [40][42]

McGrath (MGRC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.53%. A quarter ago, it was expected that this business-to-business rental company would post earnings of $1.25 per share when it actually produced earnings of $1.20, delivering a surprise of -4%.Over the last four quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITY AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITY AND EXCHANGE ACT OF 1934 Commission file number 000-13292 McGRATH RENTCORP (Exact name of registrant as specified in its Charter) California 94-2579843 (State or other jurisdiction of incorporation or organization) (I.R. ...

Exhibit 99.1 McGrath | 5700 Las Positas Road, Livermore, CA 94551 | mgrc.com Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE October 24, 2024 McGrath Announces Results for Third Quarter 2024 Livermore, CA - October 24, 2024 – 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 September 30, 2024 of $266.8 million ...

The company won't be acquired after all. In its 45-year history, McGrath RentCorp (MGRC -3.13%) has had many encouraging pieces of news to report to its shareholders and the world at large. Unfortunately for the business-to-business equipment rental specialist, its top news item on Wednesday wasn't so positive. On the back of that, investors traded out of the stock to leave it with an over 3% decline in price. This was a more pronounced slide than the 0.3% dip of the S&P 500 index on the day. Merger deal te ...

TRS-RenTelco a McGRATH TRS RenTelco- VERSIV - 20000 PAGE 32 % McGRATH JULY 25, 2024 Q2 2024 Quarterly Investor Presentation Safe Harbor Statements contained in this presentation which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath's (the "Company's") expectations, strategies, prospects or targets are forward-looking statements. These forward-lookin ...

McGrath RentCorp (NASDAQ:MGRC) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Marc Riddick - Sidoti Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Second Quarter 2024 Earnings Call. At this time, all conference participants are in a listen-only mode. Later, we will conduct a question-and-answer sessi ...

McGrath, which belongs to the Zacks Financial - Leasing Companies industry, posted revenues of $212.61 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.13%. This compares to year-ago revenues of $203.03 million. The company has topped consensus revenue estimates four times over the last four quarters. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves ...