McGrath Company profile
About McGrath RentCorp
McGrath RentCorp is a diversified business-to-business rental company. The Company operates through rental divisions, such as relocatable modular buildings, portable storage containers, electronic test equipment, and liquid and solid containment tanks and boxes. The Company’s segments include its modular building and portable storage segment (Mobile Modular); its electronic test equipment segment (TRS-RenTelco); its containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks), and its classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular segment includes the results of operations of mobile modular portable storage and kitchens. Its TRS-RenTelco rents and sells electronic test equipment nationally and internationally from two facilities located on the grounds of the Dallas Fort Worth International Airport in Grapevine, Texas and Dollard-des-Ormeaux, Canada.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, McGrath RentCorp revenues increased 8% to $616.8M. Net income decreased 12% to $89.7M. Revenues reflect Mobile Modular segment increase of 13% to $363.3M, Adler Tanks segment increase of 6% to $82.2M. Net income was offset by Mobile Modular segment income decrease of 5% to $83.4M, Enviroplex segment income decrease of 39% to $4.6M, Adler Tanks segment income decrease of 12% to $8.2M.
Equity composition
Common Stock no Par, 04/11, 40M auth., 24,235,000 issd. Insiders control 6.65%. PO 5/91, 1.8M shs. @ $16.00 by Kemper Securities Group, Inc. 3/05, 4/97, 4/91, 2-for-1 stock splits. *Note: FY'99 restated for accounting change.
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