This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Electro Rent Named A 2012 Company Of The Year By Frost & Sullivan

Stocks in this article: ELRC

Electro Rent Corporation (NASDAQ:ELRC) announced today that it was honored as a Frost & Sullivan 2012 Company of the Year in recognition of the company’s achievements in the North American rental, used and new test equipment market. The award was presented at the Frost & Sullivan North American Excellence in Best Practices Awards Banquet yesterday evening at the Loews Coronado Bay hotel in San Diego.

According to Frost & Sullivan, Electro Rent received the honor because of its substantial growth in the United States and admirable progress in Canada, despite challenging market conditions across North America. In bestowing the award, Frost & Sullivan called out the strength in Electro Rent’s rental business and strategy, noting the company’s superior product availability and historically high equipment utilization rates, even as its equipment pool has grown significantly.

“The strong customer focus on return on invested capital that made renting a more natural alternative for customers, was an opportunity that Electro Rent leveraged to the maximum," said Frost & Sullivan Industry Director Jessy Cavazos. “The company's growth over the past two years is the result of significant risk-taking, both in investing toward its rental inventory and taking on the responsibility to sell new test equipment.”

In addition to achievements in the rental market, Frost & Sullivan said that Electro Rent has been very successful in selling new equipment, driven in part by the company’s role as the sole Authorized Technology Partner for Agilent Technologies in North America, through which Electro Rent is responsible for selling Agilent’s product line to small- and medium-sized accounts in the United States and Canada.

“Over the last several years, we have considerably strengthened our marketplace position by offering a wide array of equipment acquisition alternatives to customers around the world,” said Daniel Greenberg, CEO of Electro Rent. “As we continuously enhance and diversify our product and service offerings, we will be even better equipped to meet customers’ requirements through what we consider to be the industry’s most robust equipment inventory and most experienced and talented sales and support team.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs