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

1. McGrath RentCorp reported 10% revenue increase to $243.7 million. 2. Net income for Q4 2024 reached $38.9 million, showing strong performance.

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FAQ

Why Very Bullish?

The solid revenue growth and net income indicate strong financial health, which could drive MGRC stock higher, similar to past performance after strong earnings reports.

How important is it?

The earnings report is crucial as it highlights MGRC's growth and profitability, directly affecting investor sentiment and stock value.

Why Long Term?

Sustained revenue growth suggests a positive trajectory for MGRC over the long term, as seen in previous cycles of growth following quarterly performance improvements.

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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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