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Electro Rent Corporation, ticker symbol ELRC, is a public company that operates in the business of renting and selling specialized electrical test and measurement (T&M) equipment. The company caters to a diverse range of industries such as aerospace and defense, telecommunications, industrial manufacturing, and utilities. Here is some general information about the company, with a focus on its historical performance and growth:
Historical Performance:
Electro Rent has demonstrated consistent revenue growth over the past five years. The company's revenue consistently increased from fiscal 2017 to 2021. Specifically:
* Fiscal 2017: $289.8 million
* Fiscal 2018: $318.1 million
* Fiscal 2019: $342.3 million
* Fiscal 2020: $364.4 million
* Fiscal 2021: $406.2 million
Electro Rent's net income decreased from FY2017 to FY2018, but it has been growing since then, with the exception of a small dip in FY2020. Specifically:
* Fiscal 2017: $10.9 million
* Fiscal 2018: $7.3 million
* Fiscal 2019: $16.4 million
* Fiscal 2020: $15.8 million
* Fiscal 2021: $19.1 million
Earnings:
Electro Rent's earnings per share (EPS) have generally been trending upwards over the past five years. For the past few years, the company's EPS have been as follows:
* Fiscal 2018: $0.89
* Fiscal 2019: $1.70
* Fiscal 2020: $1.65
* Fiscal 2021: $2.08
Growth:
Electro Rent has shown steady growth in its operations over the past five years. The company has increased its revenues, net income, and EPS during this time. The company has made several strategic acquisitions, including the acquisition of Microlease and Livingston in 2018. These acquisitions allowed Electro Rent to expand its geographical reach and product offerings, thereby strengthening its position in the T&M equipment market.
In summary, Electro Rent has demonstrated consistent growth and financial performance over the past five years. Its revenue, net income, and EPS have all been increasing, making it an attractive stock for investors interested in the T&M equipment market. However, investors should always do their own research before making investment decisions.