McGrath RentCorp Management
Management criteria checks 3/4
McGrath RentCorp's CEO is Joe Hanna, appointed in Feb 2017, has a tenure of 7.83 years. total yearly compensation is $4.77M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.62% of the company’s shares, worth $16.76M. The average tenure of the management team and the board of directors is 6.2 years and 6.9 years respectively.
Key information
Joe Hanna
Chief executive officer
US$4.8m
Total compensation
| CEO salary percentage | 16.8% |
| CEO tenure | 7.8yrs |
| CEO ownership | 0.6% |
| Management average tenure | 6.2yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
McGrath RentCorp's (NASDAQ:MGRC) Dividend Will Be $0.475
Sep 18
McGrath RentCorp: Still In Play, Especially If Bullish On WillScot Mobile
Jun 28WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns
Jun 13WillScot's Offer Undervalues McGrath
Jan 31Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist?
Jan 03Risks To Shareholder Returns Are Elevated At These Prices For McGrath RentCorp (NASDAQ:MGRC)
Dec 19A Look At The Fair Value Of McGrath RentCorp (NASDAQ:MGRC)
Dec 06We Think McGrath RentCorp (NASDAQ:MGRC) Can Stay On Top Of Its Debt
Nov 23Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Aug 11Here's Why We Think McGrath RentCorp (NASDAQ:MGRC) Is Well Worth Watching
Jul 24Is McGrath RentCorp (NASDAQ:MGRC) Using Too Much Debt?
May 04Is McGrath RentCorp (NASDAQ:MGRC) A Risky Investment?
Oct 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$225m |
| Jun 30 2024 | n/a | n/a | US$116m |
| Mar 31 2024 | n/a | n/a | US$123m |
| Dec 31 2023 | US$5m | US$800k | US$112m |
| Sep 30 2023 | n/a | n/a | US$115m |
| Jun 30 2023 | n/a | n/a | US$102m |
| Mar 31 2023 | n/a | n/a | US$97m |
| Dec 31 2022 | US$3m | US$700k | US$103m |
| Sep 30 2022 | n/a | n/a | US$97m |
| Jun 30 2022 | n/a | n/a | US$93m |
| Mar 31 2022 | n/a | n/a | US$90m |
| Dec 31 2021 | US$3m | US$663k | US$85m |
| Sep 30 2021 | n/a | n/a | US$92m |
| Jun 30 2021 | n/a | n/a | US$97m |
| Mar 31 2021 | n/a | n/a | US$99m |
| Dec 31 2020 | US$3m | US$644k | US$102m |
| Sep 30 2020 | n/a | n/a | US$97m |
| Jun 30 2020 | n/a | n/a | US$102m |
| Mar 31 2020 | n/a | n/a | US$99m |
| Dec 31 2019 | US$3m | US$624k | US$97m |
| Sep 30 2019 | n/a | n/a | US$95m |
| Jun 30 2019 | n/a | n/a | US$87m |
| Mar 31 2019 | n/a | n/a | US$83m |
| Dec 31 2018 | US$2m | US$573k | US$79m |
| Sep 30 2018 | n/a | n/a | US$173m |
| Jun 30 2018 | n/a | n/a | US$165m |
| Mar 31 2018 | n/a | n/a | US$160m |
| Dec 31 2017 | US$2m | US$460k | US$154m |
Compensation vs Market: Joe's total compensation ($USD4.77M) is about average for companies of similar size in the US market ($USD6.66M).
Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.
CEO
Joe Hanna (61 yo)
7.8yrs
Tenure
US$4,771,898
Compensation
Mr. Joseph F. Hanna, also known as Joe, has been the Chief Executive Officer and President of McGrath RentCorp since February 23, 2017 and is an Independent Director of Janus International Group, Inc. sinc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$4.77m | 0.62% $ 16.8m | |
| Executive VP | 18.8yrs | US$1.74m | 0.21% $ 5.7m | |
| VP, General Counsel & Corporate Secretary | 1.8yrs | US$1.04m | 0% $ 0 | |
| Senior VP & Division Manager of Mobile Modular | 2.9yrs | US$1.20m | 0% $ 0 | |
| Senior VP & Chief Strategy Officer | 2.8yrs | US$1.12m | 0.00083% $ 22.6k | |
| VP, Corporate Controller & Principal Accounting Officer | 24.7yrs | no data | 0.00083% $ 22.6k | |
| Vice President of Human Resources | 4.6yrs | no data | 0.0091% $ 248.6k | |
| VP & Division Manager of TRS-RenTelco | 13.1yrs | US$620.50k | 0.035% $ 965.1k |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Management: MGRC's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$4.77m | 0.62% $ 16.8m | |
| Independent Chairman of the Board | 7.4yrs | US$298.11k | 0.048% $ 1.3m | |
| Independent Director | 26.9yrs | US$242.61k | 0.016% $ 443.1k | |
| Independent Director | 3.9yrs | US$228.16k | 0.018% $ 498.6k | |
| Independent Director | 6.4yrs | US$231.59k | 0.031% $ 831.0k | |
| Independent Director | 2yrs | US$227.61k | 0.0061% $ 166.2k |
6.9yrs
Average Tenure
63.5yo
Average Age
Experienced Board: MGRC's board of directors are considered experienced (6.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 00:37 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
McGrath RentCorp is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Samuel England | Berenberg |
| Daniel Moore | CJS Securities, Inc. |
| Joe Box | KeyBanc Capital Markets Inc. |