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Mcgrath Rentcorp MGRC Gross Profit Including Discontinued Operation

Discontinued — last reported Q3 '24

Segments

By segment

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Mobile Modular$70.47M-3.8%
Trs Ren Telco$22.16M+35.4%
Portable Storage$13.67M-9.1%
Enviroplex$1.61M-73.6%

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 mgrc:GrossProfitIncludingDiscontinuedOperation.

The source filing: Mcgrath Rentcorp’s 10-Q, filed October 24, 2024.

Filed
Oct 24, 2024
Fiscal quarter
Q3 FY2024
Calendar quarter
Q3 2024
Accession
0000950170-24-117031
(dollar amounts in thousands) / Nine Months Ended September 30,Mobile ModularPortable StorageTRS-Ren TelcoEnviroplex 1Corporate (Unallocated)Consolidated
Sales and other revenues132,0464,79622,41430,591189,847
Total revenues463,53671,835101,23430,591667,196
Depreciation of rental equipment29,9942,97133,54766,512
Gross profit222,90148,93940,9397,882320,661
Selling and administrative expenses100,88222,06420,4505,368148,764
Other income(6,220)(1,319)(1,742)(9,281)
Income from operations128,23928,19422,2312,514181,178
Interest expense (income) allocation29,9514,2556,070(1,893)38,383

Item 1. Financial Statements

FAQ

What is Mcgrath Rentcorp's gross profit including discontinued operation?
Mcgrath Rentcorp (MGRC) reported gross profit including discontinued operation of $123.98M in Q3 2024.
How has Mcgrath Rentcorp's gross profit including discontinued operation changed year-over-year?
Mcgrath Rentcorp's gross profit including discontinued operation increased by 11.2% year-over-year, from $111.53M to $123.98M.

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