McGrath RentCorp board member sells $2.3 million in shares as company reports revenue growth

William Dawson, a board member of McGrath RentCorp, sold 20,000 shares of the company for $2.3 million, according to a filing with the SEC on October 30. The company's stock price remained unchanged at $116.26 following the sale. McGrath RentCorp reported a revenue growth of 9.55% for the three months ending September 30, 2024. The company operates in four segments, primarily generating revenue from equipment rentals. The company's financial metrics show a gross margin of 46.48% and an earnings per share of 6.08, both above industry averages. Its debt-to-equity ratio is 0.56, indicating a balanced approach to debt management.