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

benzinga.com October 31, 2024, 04:01 PM UTC

Summary: 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.

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  1. [2.1]
    McGrath RentCorp executive sells $605,000 in company stock (benzinga.com)
    2d 1h
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  2. [2.0]
    McGrath RentCorp VP sells $605,000 in company shares (benzinga.com)
    2d 1h
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