McGrath RentCorp (NASDAQ:MGRC) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Joe Hanna - Chief Executive Officer Keith Pratt - Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Fourth Quarter 2022 Earnings Call. At this time, all conference participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Inst ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its Charter) California 94-2579843 (State or other jurisdiction of incorporation or organization) WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 000-13292 McGRATH RENTCORP 5700 Las Positas R ...

McGrath RentCorp (NASDAQ:MGRC) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Company Participants Joseph Hanna - President, CEO Keith Pratt - EVP, CFO Conference Call Participants Scott Schneeberger - Oppenheimer & Company Marc Riddick - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Third Quarter 2022 Earnings Call. At this time, all conference participants are in a listen-only mode. Later, we will conduct a question-and-answer sess ...

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, 2022 ☐ 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. ...

McGrath RentCorp (NASDAQ:MGRC) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Joseph Hanna - President, Chief Executive Officer Keith Pratt - Executive Vice President, Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer & Company Marc Riddick - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to the McGrath RentCorp Second Quarter 2022 Earnings Call. At this time, all conference participants are in a listen-o ...

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 June 30, 2022 ☐ 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.S. E ...

Financial Data and Key Metrics Changes - Companywide rental revenues increased by 21% in Q1 2022, reflecting favorable market conditions and strategic acquisitions [7][24] - Total revenues for the quarter rose by 20% to $145.4 million, driven by improved rental operations and higher sales revenues [24] - Adjusted EBITDA increased by 15% to $56.7 million, with a consolidated adjusted EBITDA margin of 39% [24] Business Line Data and Key Metrics Changes - Mobile Modular, the largest business segment, saw a 32% increase in rental revenues, totaling $90.6 million [8][25] - TRS-RenTelco rental revenues increased by 5%, with communications rentals up by 11% [30] - Adler Tank Rentals total revenues increased by 15% to $20.3 million, with rental revenues up by 17% [33] Market Data and Key Metrics Changes - Average monthly rental rate for Mobile Modular was 2.64%, an 8% increase from the previous year [27] - Average utilization for Mobile Modular improved to 77.1% from 75.8% [27] - Average utilization for TRS-RenTelco was 64.6%, down from 68.1% a year ago [31] Company Strategy and Development Direction - The company is focused on expanding its Modular business and enhancing customer solutions, including custom Modular solutions and Mobile Modular Plus offerings [19][20] - Strategic acquisitions contributed approximately $18.2 million to total revenue and $4.9 million to adjusted EBITDA for the quarter [23] - The company plans to continue investing organically and through acquisitions to accelerate growth [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the positive trajectory of all business units, barring significant macroeconomic deterioration [22] - The company anticipates total revenue for 2022 to be between $675 million and $705 million, with adjusted EBITDA between $260 million and $275 million [40] - Management noted that inflationary pressures are being addressed through various pricing strategies, and customers are receptive to these adjustments [46][49] Other Important Information - Selling and administrative expenses increased by 18% to $39.1 million, driven by higher employee salaries and benefits [35] - Interest expense rose to $2.8 million due to higher average debt levels from acquisitions [36] - Net cash provided by operating activities was $51.7 million, an increase of $14.1 million [38] Q&A Session Summary Question: How is the company approaching pricing in the inflationary environment? - Management indicated that they are effectively passing price increases to customers across various segments, including rental rates and ancillary services [46][49] Question: What is the outlook for Mobile Modular Plus? - Management reported positive growth in Mobile Modular Plus and anticipates continued growth throughout the year [51] Question: What is the impact of 5G on TRS? - Management noted an increase in carrier activity for 5G coverage, leading to improved demand for communications rentals [52][53] Question: What trends are observed in the oil and gas vertical for Adler? - Management confirmed increased activity in oil and gas, along with strength in other verticals, indicating broad-based growth [55][58]

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 March 31, 2022 ☐ 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.S. ...

McGrath RentCorp Investor Meetings - Presentation and Additional Information Appendix February 24, 2022 – Nasdaq: MGRC www.mgrc.com McGrath RentCorp - 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 RentCorp's (the "Company's") expectations, strategies, prospects or targets are forward look ...

McGrath RentCorp (NASDAQ:MGRC) Q4 2021 Earnings Conference Call February 23, 2022 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 Fourth Quarter 2021 Earnings Call. At this time, all conference participants are in a listen-only mode. Later we will conduct a question-and-a ...