McGrath RentCorp

McGrath RentCorp is a business-to-business rental company operating in the United States and globally. It rents and sells relocatable modular buildings, portable storage containers, and electronic test equipment. The company operates through four segments: Mobile Modular, Portable Storage, TRS-RenTelco, and Enviroplex. The Mobile Modular segment rents and sells modular buildings for use as classrooms, temporary offices, construction field offices, restroom buildings, health care clinics, childcare facilities, and office spaces. The Portable Storage segment offers steel containers for temporary storage solutions to construction, retail, commercial, industrial, energy, petrochemical, manufacturing, education, and healthcare markets. The TRS-RenTelco segment rents and sells general purpose electronic test equipment such as oscilloscopes, amplifiers, analyzers, signal source, and power source test equipment, primarily for aerospace, defense, electronics, industrial, research, and semiconductor industries, as well as communications test equipment for fiber, copper, and wireless networks. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts and educational institutions.

McGrath RentCorp is listed on the Nasdaq Global Select Market under the ticker symbol MGRC. The company is headquartered in the United States and its financial reporting is conducted in US Dollars (USD). As a US-based company trading on a major US exchange, its stock is traded in USD, making it accessible to investors who trade on US markets. The listing on NasdaqGS provides liquidity and visibility among institutional and retail investors.

McGrath RentCorp operates in the Industrials sector and is classified under the Rental & Leasing Services industry. This industry encompasses companies that provide rental and leasing services for equipment, machinery, and other assets. As a rental company, McGrath RentCorp generates revenue by renting out modular buildings, portable storage containers, and electronic test equipment to businesses and institutions. The Industrials sector includes a wide range of companies involved in manufacturing, distribution, and services, and the Rental & Leasing Services sub-industry focuses on asset-light business models that provide temporary access to capital equipment without the need for outright purchase.

McGrath RentCorp serves customers primarily in the United States and also operates globally. The company's rental and sales activities span various markets including construction, retail, commercial and industrial, energy and petrochemical, manufacturing, education, and healthcare. Its Mobile Modular segment provides modular buildings for educational institutions, construction sites, and commercial facilities across the US. The Portable Storage segment offers temporary storage solutions to a broad range of industries nationwide. The TRS-RenTelco segment serves the aerospace, defense, electronics, industrial, research, and semiconductor industries, as well as communications equipment manufacturers and service providers, both in the US and internationally. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts, primarily within the United States.

McGrath RentCorp generates revenue through the rental and sale of its equipment across four segments. The Mobile Modular segment earns revenue by renting and selling modular buildings for temporary or permanent use in education, construction, and commercial applications. The Portable Storage segment generates income from renting steel containers for storage and office use to various industries. The TRS-RenTelco segment derives revenue from renting and selling electronic test equipment, including oscilloscopes, amplifiers, analyzers, and communications test gear, to sectors like aerospace, defense, and telecommunications. The Enviroplex segment manufactures and sells portable classrooms directly to public school districts. The company's business model focuses on providing flexible, cost-effective solutions for customers who need temporary or short-term access to assets, thereby generating recurring rental income and occasional sales revenue.