NASDAQ$MGRC
Mcgrath Rentcorp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
McGrath RentCorp's financial performance for Q2 2024 was reported, showing increased revenues and challenges in specific segments.
McGrath RentCorp reported a 5% increase in total revenues to $212.6 million for Q2 2024. Net income from continuing operations was $20.6 million, or $0.84 per diluted share, compared to $28.0 million, or $1.14 per diluted share, for the same period last year. The revenue increase was driven by higher rental operations and sales revenues, particularly in the modular business, while portable storage and TRS-RenTelco experienced demand challenges.
- Total revenues increased by 5% to $212.6 million.
- Rental revenues increased by 3% to $121.2 million.
- Net income from continuing operations was $20.6 million, or $0.84 per diluted share.
- Adjusted EBITDA increased by 9% to $83.7 million.
Headline financials
Revenue & EPS history
McGrath RentCorp · Revenue · Quarterly
$213M
Revenue by segment
McGrath RentCorp · $244M total across 3 segments · Q3 2023
- Mobile Modular$195M+54.9%80.0%
- TRS-RenTelco$39.1M+1.5%16.1%
- Portable Storage$9.52M-63.7%3.9%
Forward guidance
No specific forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.3%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+1.8%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+13.9%
Q3 2018
Best reaction
-10.4%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -7.2% | -9.3% | |
| Q4 2025 | -0.6% | -6.4% | -4.9% | |
| Q3 2025 | -5.1% | -7.6% | -16.9% | |
| Q2 2025 | +0.0% | -0.9% | +2.3% | |
| Q1 2025 | -0.6% | +2.5% | +9.0% | |
| Q4 2024 | +4.1% | +1.1% | -8.4% | |
| Q3 2024 | +7.5% | +9.4% | +13.8% | |
| Q2 2024 | -0.5% | +0.9% | -2.2% | |
| Q1 2024 | +2.9% | -1.7% | +2.1% | |
| Q4 2023 | -3.0% | -3.1% | -5.6% | |
| Q3 2023 | +4.9% | +3.6% | +2.8% | |
| Q2 2023 | +3.8% | +3.8% | +10.3% | |
| Q1 2023 | +2.0% | +3.1% | +4.7% | |
| Q4 2022 | +0.4% | -3.7% | -14.3% | |
| Q3 2022 | +12.5% | +12.4% | +13.8% | |
| Q2 2022 | +3.9% | +4.2% | +4.3% | |
| Q1 2022 | -1.7% | -3.4% | -3.3% | |
| Q4 2021 | +8.1% | +11.4% | +16.8% | |
| Q3 2021 | -4.1% | -1.2% | +2.4% | |
| Q2 2021 | -6.2% | -8.6% | -9.4% | |
| Q1 2021 | +0.4% | +0.6% | +4.6% | |
| Q4 2020 | -2.3% | -3.5% | -1.8% | |
| Q3 2020 | -2.3% | +2.5% | +11.1% | |
| Q2 2020 | +8.3% | +5.5% | +21.6% | |
| Q1 2020 | -2.0% | -4.7% | +0.1% | |
| Q4 2019 | -8.4% | -11.6% | -30.2% | |
| Q3 2019 | +12.1% | +8.0% | +5.0% | |
| Q2 2019 | +5.1% | +4.9% | -0.4% | |
| Q1 2019 | +2.5% | +3.8% | -8.5% | |
| Q4 2018 | +13.3% | +12.1% | +7.9% | |
| Q3 2018 | +13.9% | +13.2% | +13.0% | |
| Q2 2018 | -0.6% | +2.1% | -1.2% | |
| Q1 2018 | +3.5% | +4.0% | +10.4% | |
| Q4 2017 | +4.3% | +4.2% | +10.7% | |
| Q3 2017 | +10.7% | +8.1% | +7.7% | |
| Q2 2017 | +10.7% | +8.9% | +8.6% | |
| Q1 2017 | +6.3% | +0.6% | -2.4% | |
| Q4 2016 | -7.7% | -9.9% | -12.4% | |
| Q3 2016 | +7.0% | +5.8% | +17.9% | |
| Q2 2016 | -0.3% | -0.2% | +2.1% | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | -6.5% | — | — | |
| Q3 2015 | +4.6% | — | — | |
| Q2 2015 | -8.3% | — | — | |
| Q1 2015 | -2.9% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +0.5% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | -10.0% | — | — | |
| Q3 2013 | -0.1% | — | — | |
| Q2 2013 | -5.1% | — | — | |
| Q1 2013 | -5.7% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | -10.4% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q4 2009 | +0.3% | — | — | |
| Q3 2010 | +8.5% | — | — | |
| Q3 2011 | +8.5% | — | — | |
| Q4 2010 | +4.1% | — | — | |
| Q2 2010 | +4.1% | — | — | |
| Q2 2011 | +4.1% | — | — | |
| Q1 2010 | -9.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro