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MGRC
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181 days

McGrath Announces Results for Fourth Quarter 2024 and Announces 34th Annual Dividend Increase

1. McGrath RentCorp's Q4 2024 revenue increased by 10% year-over-year. 2. Net income for Q4 2024 was $38.9 million, or $1.58 per diluted share.

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+4.13%Current Return
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-0.39%S&P 500
$123.8502/19 04:06 PM EDTEvent Start
$128.9602/20 10:50 PM EDTLatest Updated
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FAQ

Why Bullish?

Strong revenue growth and net income indicate good financial health. Past quarterly reports with similar trends have often led to positive stock performance.

How important is it?

Earnings announcements are crucial for price movements in stocks like MGRC. Positive trends in revenues and profits can significantly influence investor decisions.

Why Short Term?

Immediate positive financial results can influence investor sentiment quickly. Historically, Q4 earnings impacts are seen in the following weeks.

Related Companies

MGRC
LIVERMORE, Calif.--(BUSINESS WIRE)--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 December 31, 2024 of $243.7 million, an increase of 10% compared to the fourth quarter of 2023. The Company reported net income from continuing operations of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024, compared to net income f.

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