McGrath RentCorp Q1 2010 Earnings Call Transcript

McGrath RentCorp (MGRC)

Q1 2010 Earnings Call

May 6, 2010 5:00 pm ET

Executives

Geoffrey Buscher - IR, SBG Investor Relations

Dennis Kakures - President & CEO

Keith Pratt - SVP & CFO

Analysts

David Gold - Sidoti

Scott Schneeberger - Oppenheimer

Jamie Sullivan - RBC Capital Markets

Presentation

Operator

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Welcome to the McGrath RentCorp first quarter 2010 conference call. At this time, all conference participants are in a listen-only mode. Later we will conduct a question and answer session. (Operator Instructions) This conference is being recorded today Thursday, May 6, 2010.

I would now like to turn the conference over to Geoffrey Buscher of SBG Investor Relations. Please go ahead.

Geoffrey Buscher

Thank you, Operator. Good afternoon. I am the Investor Relations Advisor for McGrath RentCorp and will be acting as moderator of the conference call today. I’d like to start by offering our apologies to anyone who had trouble getting on to the call and we are using a new conference call vendor and understand there were some glitches and again we offer our apologies and will do our best to sure it doesn’t happening again.

Representatives on the call today from McGrath RentCorp are Dennis Kakures, President and CEO, and Keith Pratt, Senior Vice President and CFO. Please note that this call is being recorded and will be available for telephone replay for up to 48 hours following the call by dialing 1-888-286-8010 for domestic callers and 1-617-801-6888 for international callers. The pass-code for the call replay is 84608475.

This call is also being broadcast live via the internet and will be available for replay. We encourage you to visit the Investor Relations section of the company’s website at mgrc.com. A press release was sent out at approximately 4:05 PM Eastern Time or 1:05 Pacific Time today. If you did not receive a copy, but would like one, it is available online in the Investor Relations section of our website, or you may call 1-206-652-9704 and one will be sent to you.