NASDAQ$MGRC
Mcgrath Rentcorp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
McGrath RentCorp's Q3 2022 revenues increased due to robust performance in both rental operations and sales revenues with healthy demand across each of its rental segments.
McGrath RentCorp announced total revenues for Q3 2022 of $200.5 million, a 16% increase compared to Q3 2021. The company reported a net income of $30.6 million, or $1.25 per diluted share, for Q3 2022, compared to a net income of $23.3 million, or $0.95 per diluted share, for Q3 2021.
- Rental revenues increased 15% to $118.4 million.
- Total revenues increased 16% to $200.5 million.
- Adjusted EBITDA increased 13% to $74.7 million.
- Dividend rate increased 5% to $0.455 per share for Q3 2022.
Headline financials
Revenue & EPS history
McGrath RentCorp · Revenue · Quarterly
$201M
Revenue by segment
McGrath RentCorp · $201M total across 4 segments · Q3 2022
- Mobile Modular$126M+14.0%62.8%
- TRS-RenTelco$38.5M+9.8%19.2%
- Portable Storage$26.2M—13.1%
- Enviroplex$9.98M—5.0%
Forward guidance
For the full-year 2022, the Company expects: • Total revenue: $720 to $735 million • Adjusted EBITDA1, 2: $274 to $280 million • Gross rental equipment capital expenditures: $168 to $174 million
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 Q3 2022
+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% | — | — |
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