McGrath RentCorp (MGRC) recently announced its first quarter earnings for 2020. The business-to-business rental company posted total revenues of $129.5 million, which was a 6% increase over the same period in 2019. The company credits this to the generally positive and stable conditions that prevailed the majority of the first quarter. However, the sector is not exempt from problems due to COVID-19. As McGrath RentCorp enters the second quarter, it acknowledges the varying degrees of weakened demand across business segments and geographic regions due to the pandemic.
In early April, McGrath RentCorp