Articles from McGrath RentCorp

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its fourth quarter ending December 31, 2024, after the close of regular market trading on Wednesday, February 19, 2025.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, a leading business-to-business rental company in North America, today announced the appointment of Philip B. Hawkins to Chief Operating Officer (COO).

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, will present at the CJS Securities 25th Annual New Ideas for the New Year Conference on Tuesday, January 14, 2025. The Company will be presenting at 1:35 p.m. ET.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.475 per common share for the quarter ending December 31, 2024. The dividend will be payable on January 31, 2025 to all shareholders of record on January 17, 2025. The year 2025 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Oppenheimer Midwest Virtual Summit on Wednesday, December 11, 2024.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Wolfe Research Small and Mid-Cap Conference on Thursday, December 5, 2024.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, are scheduled to present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024. Conference presentations will not be available via webcast; however, Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations on the morning of the scheduled event.

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, an increase of 10% compared to the third quarter of 2023. The Company reported net income from continuing operations of $149.3 million, or $6.08 per diluted share, for the third quarter of 2024, compared to net income from continuing operations of $40.4 million, or $1.65 per diluted share, for the third quarter of 2023. Excluding the $180.0 million merger termination payment received from WillScot Mobile Mini and $39.4 million in transaction costs incurred during the quarter, net of provision for income taxes, the Company reported net income from continuing operations of $45.9 million, or $1.87 per diluted share.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2024, after the close of regular market trading on Thursday, October 24, 2024.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation (“WillScot”) (Nasdaq: WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended September 30, 2024. The dividend will be payable on October 31, 2024 to all shareholders of record on October 17, 2024. The year 2024 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Elizabeth A. Fetter resigned from the McGrath board of directors on August 1, 2024, for personal reasons after serving over ten years on the board.

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 June 30, 2024 of $212.6 million, an increase of 5% compared to the second quarter of 2023. The Company reported net income from continuing operations of $20.6 million, or $0.84 per diluted share, for the second quarter of 2024, compared to net income from continuing operations of $28.0 million, or $1.14 per diluted share, for the second quarter of 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its second quarter ending June 30, 2024, after the close of regular market trading on Thursday, July 25, 2024.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company, today announced that it will hold a special meeting of its shareholders (“Special Meeting”) on Thursday, July 11, 2024 to vote on the previously announced proposed acquisition by WillScot Mobile Mini (Nasdaq: WSC) and other related proposals.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.475 per common share for the quarter ended June 30, 2024. The dividend will be payable on July 31, 2024 to all shareholders of record on July 17, 2024. The year 2024 marks 33 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

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 March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024, compared to net income from continuing operations of $11.5 million, or $0.47 per diluted share, for the first quarter of 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its first quarter ending March 31, 2024, after the close of regular market trading on Thursday, April 25, 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 December 31, 2023 of $221.6 million, an increase of 21% compared to the fourth quarter of 2022. The Company reported net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the fourth quarter of 2023, compared to net income from continuing operations of $35.0 million, or $1.43 per diluted share, for the fourth quarter of 2022.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company, today announced plans to release financial results for its fourth quarter ending December 31, 2023, after the close of regular market trading on Wednesday, February 21, 2024.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Oppenheimer Midwest Industrial Summit Conference (virtual format) on Thursday, December 14, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.465 per common share for the quarter ended December 31, 2023. The dividend will be payable on January 31, 2024 to all shareholders of record on January 17, 2024. The year 2023 marks 32 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, will participate in investor meetings at the Wolfe Research 1st Annual Small and Mid-Cap Conference in New York City on Wednesday, December 6th, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP, and Chief Financial Officer, are scheduled to present at the Baird 2023 Global Industrial Conference on Tuesday, November 7th, 2023. Conference presentations will not be available via webcast; however, Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations on the morning of the scheduled event.

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, 2023 of $243.5 million, an increase of 40% compared to the third quarter of 2022. The Company reported net income from continuing operations of $40.4 million, or $1.65 per diluted share, for the third quarter of 2023, compared to net income from continuing operations of $27.1 million, or $1.11 per diluted share, for the third quarter of 2022.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its third quarter ending September 30, 2023, after the close of regular market trading on Thursday, October 26, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.465 per common share for the quarter ended September 30, 2023. The dividend will be payable on October 31, 2023 to all shareholders of record on October 17, 2023. The year 2023 marks 32 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Keith Pratt, EVP and Chief Financial Officer, will participate in private investor meetings at the Sidoti & Company, LLC September Small-Cap Virtual Investor Conference on Thursday, September 21, 2023.

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 June 30, 2023 of $203.0 million, an increase of 32%, compared to the second quarter of 2022. The Company reported net income from continuing operations of $28.0 million, or $1.14 per diluted share, for the second quarter of 2023, compared to net income from continuing operations of $23.5 million, or $0.96 per diluted share, for the second quarter of 2022.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Inland Leasing and Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 600 assets to McGrath’s portable storage operations in Colorado.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its second quarter ending June 30, 2023, after the close of regular market trading on Thursday, July 27, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.465 per common share for the quarter ended June 30, 2023. The dividend will be payable on July 31, 2023 to all shareholders of record on July 17, 2023. The year 2023 marks 32 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, are scheduled to present at the UBS Global Industrials and Transportation Conference at the Lotte New York Palace in New York, NY on Tuesday, June 6, 2023, at 8:50 a.m. ET. A simultaneous webcast and presentation slides of Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations. A replay will be available for approximately 90 days on the company’s website shortly after the completion of the presentation.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended March 31, 2023 of $173.2 million, an increase of 19%, compared to the first quarter of 2022. The Company reported net income of $71.7 million, or $2.92 per diluted share, for the first quarter of 2023, compared to net income of $18.8 million, or $0.77 per diluted share, for the first quarter of 2022.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, are scheduled to present at the Oppenheimer 18th Annual Industrial Growth Conference (virtual format) on Tuesday, May 9, 2023, at 2:15 p.m. ET. A simultaneous webcast and presentation slides of Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations. A replay will be available for approximately 90 days on the company’s website shortly after the completion of the presentation.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Dixie Temporary Storage, a regional provider of portable storage solutions in the South Carolina market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 800 assets and a new branch location for McGrath’s portable storage operations.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its first quarter ending March 31, 2023, after the close of regular market trading on Thursday, May 4, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, are scheduled to present at the Sidoti & Company, LLC March Small-Cap Virtual Investor Conference on Thursday, March 23, 2023, at 1:45 p.m. ET. A simultaneous webcast and presentation slides of Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations. A replay will be available for approximately 90 days on the company’s website shortly after the completion of the presentation.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced it has acquired the assets of Brekke Storage, a regional provider of portable storage solutions in the Colorado market. The transaction was funded with borrowings from McGrath’s revolving credit facility. The acquisition adds approximately 2,700 assets and a new branch location for McGrath’s portable storage operations.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended December 31, 2022 of $210.9 million, an increase of 20%, compared to the fourth quarter of 2021. The Company reported net income of $39.6 million, or $1.62 per diluted share, for the fourth quarter of 2022, compared to net income of $28.4 million, or $1.16 per diluted share, for the fourth quarter of 2021.

McGrath RentCorp (Nasdaq: MGRC):

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its fourth quarter ending December 31, 2022, after the close of regular market trading on Wednesday, February 22, 2023.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today declared a quarterly cash dividend of $0.455 per common share for the quarter ended December 31, 2022. The dividend will be payable on January 31, 2023 to all shareholders of record on January 17, 2023. The year 2022 marks 31 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced that Joe Hanna, Chief Executive Officer, and Keith Pratt, EVP and Chief Financial Officer, are scheduled to present at the Baird 2022 Global Industrial Conference on Wednesday, November 9th, 2022. Conference presentations will not be available via webcast; however, Mr. Hanna and Mr. Pratt’s presentation will be posted under the “Events and Presentations” section of the Company’s website at https://investors.mgrc.com/events-and-presentations on the morning of the scheduled event.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the appointment of Nicolas (Nic) Anderson to the Company’s Board of Directors.

McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended September 30, 2022 of $200.5 million, an increase of 16%, compared to the third quarter of 2021. The Company reported net income of $30.6 million, or $1.25 per diluted share, for the third quarter of 2022, compared to net income of $23.3 million, or $0.95 per diluted share, for the third quarter of 2021.

McGrath RentCorp (Nasdaq: MGRC), the legal name of the corporation, and one of the leading business-to-business rental companies in North America, today announced its new brand identity and tagline.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its third quarter ending September 30, 2022, after the close of regular market trading on Thursday, October 27, 2022.

The Board of Directors of McGrath RentCorp (NASDAQMGRC), a diversified business-to-business rental company, declared a quarterly cash dividend of $0.455 per common share for the quarter ended September 30, 2022. The dividend will be payable on October 31, 2022 to all shareholders of record on October 17, 2022. The year 2022 marks 31 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Sidoti & Company, LLC September Small-Cap Virtual Investor Conference on Wednesday, September 21st. The Company will be presenting at 4:00 p.m. ET.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended June 30, 2022 of $177.0 million, an increase of 21%, compared to the second quarter of 2021. The Company reported net income of $26.1 million, or $1.07 per diluted share, for the second quarter of 2022, compared to net income of $20.6 million, or $0.84 per diluted share, for the second quarter of 2021.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced that it has completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities, Inc. served as Joint Lead Arranger and Sole Bookrunner. Bank of America, N.A. served as Administrative Agent. U.S. Bank National Association, MUFG Union Bank N.A. and Wells Fargo Bank, N.A. served as Joint Lead Arrangers and Co-Syndication Agents.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its second quarter ending June 30, 2022, after the close of regular market trading on Thursday, July 28, 2022.

The Board of Directors of McGrath RentCorp (NASDAQMGRC), a diversified business-to-business rental company declared a quarterly cash dividend of $0.455 per common share for the quarter ended June 30, 2022. The dividend will be payable on July 29, 2022 to all shareholders of record on July 15, 2022. The year 2022 marks 31 consecutive years that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2022 of $145.4 million, an increase of 20%, compared to the first quarter of 2021. The Company reported net income of $18.8 million, or $0.77 per diluted share, for the first quarter of 2022, compared to net income of $17.4 million, or $0.71 per diluted share, for the first quarter of 2021.

McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the virtual Oppenheimer 7th Annual Industrial Growth Conference on Wednesday, May 4th. The Company will be presenting at 1:30 p.m. ET.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its first quarter ending March 31, 2022, after the close of regular market trading on Thursday, April 28, 2022.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended December 31, 2021 of $175.9 million, an increase of 18%, compared to the fourth quarter of 2020. The Company reported net income of $28.4 million, or $1.16 per diluted share, for the fourth quarter of 2021, compared to net income of $31.2 million, or $1.27 per diluted share, for the fourth quarter of 2020.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its fourth quarter ending December 31, 2021, after the close of regular market trading on Wednesday, February 23, 2022.

McGrath RentCorp today announced it has acquired the assets of Titan Storage Containers, LLC, a regional provider of portable storage solutions in the Texas market. The transaction was funded with borrowings from McGrath RentCorp’s revolving credit facility. The acquisition adds approximately 1,100 assets to its existing Mobile Modular division fleet located in the Texas region.

The Board of Directors of McGrath RentCorp (NASDAQMGRC), a diversified business-to-business rental company declared a quarterly cash dividend of $0.435 per common share for the quarter ended December 31, 2021. The dividend will be payable on January 31, 2022 to all shareholders of record on January 17, 2022. The year 2021 marks the 30th consecutive year that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Baird 2021 Global Industrial Conference on Wednesday, November 10th. The Company will be presenting at 4:20 p.m. ET.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended September 30, 2021 of $173.3 million, an increase of 11%, compared to the third quarter of 2020. The Company reported net income of $23.3 million, or $0.95 per diluted share, for the third quarter of 2021, compared to net income of $28.1 million, or $1.15 per diluted share, for the third quarter of 2020.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its third quarter ending September 30, 2021, after the close of regular market trading on Thursday, October 28, 2021.

The Board of Directors of McGrath RentCorp (NASDAQMGRC), a diversified business-to-business rental company, declared a quarterly cash dividend of $0.435 per common share for the quarter ended September 30, 2021. The dividend will be payable on October 29, 2021 to all shareholders of record on October 15, 2021. The year 2021 marks the 30th consecutive year that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Sidoti & Company, LLC Fall Virtual Small Cap Investor Conference on Thursday, September 23rd. The Company will be presenting at 2:30 p.m. ET.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended June 30, 2021 of $146.4 million, an increase of 6%, compared to the second quarter of 2020. The Company reported net income of $20.6 million, or $0.84 per diluted share, for the second quarter of 2021, compared to net income of $22.5 million, or $0.92 per diluted share, for the second quarter of 2020.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced plans to release financial results for its second quarter ending June 30, 2021, after the close of regular market trading on Tuesday, August 3, 2021.

The Board of Directors of McGrath RentCorp (NASDAQMGRC), a diversified business-to-business rental company, declared a quarterly cash dividend of $0.435 per common share for the quarter ended June 30, 2021. The dividend will be payable on July 30, 2021 to all shareholders of record on July 16, 2021. The year 2021 marks the 30th consecutive year that McGrath RentCorp has raised its dividend to shareholders.

McGrath RentCorp (the “Company”) today announced it has completed its previously announced acquisition of Design Space Modular Buildings PNW, LP (“Design Space”), for a cash purchase price of $260 million, subject to certain adjustments. Design Space is a leading modular building and portable storage provider in the Western U.S. and its network of 15 branches and over 100 employees serves diverse end markets, including construction, government, education and commercial.

McGrath RentCorp today announced that it has signed a definitive agreement under which it will acquire Design Space Modular Buildings PNW, LP (“Design Space”), for a cash purchase price of $260 million, subject to certain adjustments. The transaction is expected to be accretive to EPS and free cash flow upon close.

McGrath RentCorp (NASDAQMGRC) (the “Company”), a diversified business-to-business rental company, today announced total revenues for the quarter ended March 31, 2021 of $121.2 million, a decrease of 6%, compared to the first quarter of 2020. The Company reported net income of $17.4 million, or $0.71 per diluted share, for the first quarter of 2021, compared to net income of $20.2 million, or $0.81 per diluted share, for the first quarter of 2020.

McGrath RentCorp (Nasdaq:MGRC), a diversified business-to-business rental company, today announced that it will participate in the Oppenheimer Virtual 16th Annual Industrial Growth Conference Tuesday, May 4th. The Company will be presenting at 3:00 p.m. ET.

McGrath RentCorp today announced it has acquired Kitchens To Go, a leader in both interim and permanent modular solutions for foodservice providers that require flexible facilities to continue or expand operations. The purchase will allow the Mobile Modular division of McGrath RentCorp to provide temporary and customized permanent foodservice facilities on a national level.