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McGrath RentCorp Q2 EPS Jumps 74 Percent
The Motley Fool· 2025-07-25 04:55
McGrath RentCorp (MGRC 0.79%), a leading provider of modular buildings, portable storage, and electronic test equipment rentals, delivered strong results in its second–quarter 2025 earnings released on July 24, 2025. The company posted better–than–expected GAAP earnings per share and revenue, with EPS (GAAP) of $1.46 compared to analysts’ $1.22 forecast and GAAP revenue of $235.6 million versus a $220.71 million estimate. While profits and sales outpaced expectations, the company faced some cost and margin ...
McGrath Rentp(MGRC) - 2025 Q2 - Earnings Call Transcript
2025-07-24 22:00
McGrath RentCorp (MGRC) Q2 2025 Earnings Call July 24, 2025 05:00 PM ET Speaker0conference call is being recorded today, Thursday, 07/24/2025. Before we begin, note that the matters that the company management will be discussing today that are not statements of historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's expectations, strategies, prospects, backlog or targets.These forward looking s ...
McGrath Rentp(MGRC) - 2025 Q2 - Earnings Call Presentation
2025-07-24 21:00
Company Overview - McGrath RentCorp's total revenue reached $911 million in 2024[10] - The company's adjusted EBITDA for 2024 was $352 million[10] - McGrath RentCorp has a shareholder return CAGR of 16% based on 1984 IPO through 12/31/24[10, 11] - The company has increased dividends for 34 consecutive years[10, 25, 118] - 99% of total revenues are from North America[10] Business Segment Performance (2024) - Mobile Modular contributed 75% of total revenues and 67% of adjusted EBITDA[13] - Portable Storage accounted for 10% of total revenues and 12% of adjusted EBITDA[13] - TRS-RenTelco represented 15% of total revenues and 21% of adjusted EBITDA[13] Q2 2025 Highlights - Total revenues for Q2 2025 were $2356 million, an increase of 11% year-over-year[33, 34] - Adjusted EBITDA for Q2 2025 was $865 million, a 3% increase year-over-year[33, 34] - Mobile Modular's total revenues increased by 8%[32] - Portable Storage rental revenues increased 5% sequentially, but decreased 5% year-over-year[32, 38] - TRS-RenTelco rental revenues increased 7%[32, 40]
StorageVault Reports 2025 Second Quarter Results and Increases Dividend
Globenewswire· 2025-07-23 21:00
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2025 second quarter results and increases dividend. Iqbal Khan, Chief Financial Officer, commented: “We are pleased to report strong second quarter results, with same store revenue growth of 6.6% and NOI growth of 5.2%, leading to a 5.4% increase in AFFO per common share. Our sustained organic performance, despite broader sector headwinds, demonstrates the strength a ...
StorageVault Reports 2025 Second Quarter Results and Increases Dividend
GlobeNewswire News Room· 2025-07-23 21:00
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2025 second quarter results and increases dividend. Iqbal Khan, Chief Financial Officer, commented: “We are pleased to report strong second quarter results, with same store revenue growth of 6.6% and NOI growth of 5.2%, leading to a 5.4% increase in AFFO per common share. Our sustained organic performance, despite broader sector headwinds, demonstrates the strength a ...
WillScot to Announce Second Quarter 2025 Results on July 31, 2025
Globenewswire· 2025-07-15 12:00
Core Points - WillScot Holdings Corporation will release its second quarter 2025 financial results on July 31, 2025, after market close [1] - A conference call and webcast will be hosted by the management team on the same day at 5:30 p.m. EDT to discuss the results [1] Company Overview - WillScot is a leading provider of innovative temporary flexible space solutions in North America, listed on the Nasdaq under the ticker symbol "WSC" [3] - The company offers a comprehensive range of products including modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures [3] - WillScot operates from approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, serving diverse customer segments across all sectors of the economy [3]
StorageVault Completes the Purchase of 8 Assets for $71.9 Million
Globenewswire· 2025-06-24 11:00
Group 1 - StorageVault Canada Inc. has completed the acquisition of seven stores and one adjacent vacant parcel of land for an aggregate purchase price of $71.9 million [1][2] - The funding for the acquisitions was sourced from funds on hand, a promissory note, and mortgage financing [2] - The Related Party Acquisitions, totaling $21.9 million, involved Access Self Storage Inc. as the vendor and were classified as related party transactions under MI 61-101 [3] Group 2 - StorageVault operates 258 storage locations across Canada, owning 228 of these locations and over 5,000 portable storage units, totaling over 12.9 million rentable square feet [4] - The company also provides last mile storage and logistics solutions, as well as professional records management services [4]
StorageVault Announces Quarterly Dividend for Q2 2025
Globenewswire· 2025-06-17 11:00
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX announced today that a quarterly dividend of $0.002961 per common share (“Common Share”) ‎will be payable on ‎July 15, 2025 to shareholders of record on June 30, 2025, with an ex-dividend ‎date of June 30, 2025. This dividend has been designated as an “eligible dividend” for Canadian ‎income tax ‎purposes.‎ ‎ About StorageVault Canada Inc.As of March 31, 2025, StorageVault owned and operated 25 ...
StorageVault Announces Results of Annual General And Special Shareholders Meeting
Globenewswire· 2025-05-22 12:47
TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce the results of the annual general and special meeting of the shareholders of StorageVault held on May 21, 2025 (the “Meeting”). A total of 225 shareholders holding an aggregate of 289,507,285 common shares of the Corporation were represented at the Meeting in person or by proxy, representing approximately 79.3% of the total votes attached to all issued and outstanding common shares of the Cor ...
WillScot Announces Investor Conference Schedule for June 2025
Globenewswire· 2025-05-14 20:05
Core Insights - WillScot Holdings Corporation is a leader in innovative temporary space solutions and will participate in several investor conferences in June 2025 [1][4]. Company Overview - WillScot is listed on the Nasdaq under the ticker symbol "WSC" and is the premier provider of turnkey space solutions in North America [2]. - The company offers a comprehensive range of products including modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures [2]. - WillScot operates approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, serving diverse customer segments across all sectors of the economy [2]. Upcoming Investor Conferences - Stifel Cross Sector Insights Conference on June 3, 2025, in Boston, Massachusetts [4]. - Baird Global Consumer, Tech & Services Conference on June 4, 2025, in New York, New York [4]. - Wells Fargo Industrials & Materials Conference on June 10, 2025, in Chicago, Illinois [4].