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Mcgrath Rentcorp MGRC Proceeds from disposals of property, plant and equipment

Proceeds from disposals of property, plant and equipment at other companies

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United RentalsURI
$13M-23.5%
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$1.3M+330%
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U-Haul HoldingUHAL
$148.27M-10.8%
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Ralliant CorpRAL
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Myers IndustriesMYE

Other financials

Income statement

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Revenue$221.1M-6.2%
Gross profit$107.9M-2.5%
Operating income$53.3M-6.8%
Net income$33.7M-6.4%
EPS (diluted)$1.37-6.2%

Balance sheet

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Cash & equivalents$4.4M+198%
Total debt$12.9M+2.0%
Total equity$1.2B+7.1%
Total assets$2.5B+7.6%

Cash flow

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Operating cash flow$63.3M+13.5%
CapEx$11.4M-35.6%
Free cash flow$52.0M+36.1%

Valuation

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Market cap$2.92B-0.1%
P/E19.1×+7.5×
P/S3.1×0.0×

Profitability

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Gross margin48.5%+1.2pp
Operating margin25.5%-0.1pp
Net margin16.4%-10.4pp
FCF margin22.5%-10.9pp

Returns & leverage

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Return on equity12.7%-11.2pp
Debt / equity0.0×

Where this comes from

Reported directly by Mcgrath Rentcorp in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromSaleOfPropertyPlantAndEquipment.

The source filing: Mcgrath Rentcorp’s 10-Q, filed April 25, 2024.

Filed
Apr 25, 2024
Fiscal quarter
Q1 FY2024
Calendar quarter
Q1 2024
Accession
0000950170-24-048261
(in thousands)Three Months Ended March 31, 2024Three Months Ended March 31, 2023
Purchases of property, plant and equipment(25,277)(6,857)
Cash paid for acquisition of businesses(453,592)
Proceeds from sales of used rental equipment13,55412,197
Proceeds from sales of property, plant and equipment12,251
Net cash used in investing activities(78,113)(263,529)
Cash Flows from Financing Activities:
Net borrowings under bank lines of credit35,584245,033
Taxes paid related to net share settlement of stock awards(4,082)(6,086)

Item 1. Financial Statements

FAQ

What is Mcgrath Rentcorp's proceeds from disposals of property, plant and equipment?
Mcgrath Rentcorp (MGRC) reported proceeds from disposals of property, plant and equipment of $12.25M in Q1 2024.

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