Senior Equity Analyst at Sidoti
Marc Riddick is a Senior Equity Analyst at Sidoti & Company, LLC, specializing in coverage of the consumer sectors with a focus on companies such as Korn Ferry and McGrath RentCorp, for which he delivers actionable investment insights and maintains a proven track record of successful stock recommendations. He has consistently provided accurate and market-moving price targets, exemplified by his recent upgrades and target raises on stocks like Korn Ferry, demonstrating a robust performance history in the small- and micro-cap space. Riddick joined Sidoti in April 2016 after serving as a Senior Analyst at Williams Capital Group, and his earlier experience includes managing director and analyst roles at Riddick Consumer Strategies, CJI Capital Markets, Advent Capital Management, and Mutual of America. Holding a BS in Management from Penn State University and the CFA designation, Riddick is recognized for his deep sector expertise and professional credentials in equity research.
Mark Riddick asked about any upcoming valid initiatives concerning education funding that the company is currently monitoring.
Joe Hanna (CEO) stated he is not aware of any particular valid issues concerning facilities funding. He expressed satisfaction with the healthy amount of funding already in place in their operating markets, anticipating its implementation for projects.
Mark Riddick inquired about McGrath RentCorp's cash usage prioritization for the upcoming year, particularly concerning the acquisition pipeline and current valuation trends, as well as the long-term strategy behind new hires and technology investments.
Keith Pratt, Chief Financial Officer, highlighted strong free cash flow in 2025, enabling debt reduction and M&A flexibility due to lower CapEx. He noted that acquisition valuations are situational, prioritizing fleet quality and future cash generation. Joe Hanna, Chief Executive Officer, confirmed new hires in the Midwest and Northeast are long-term strategic investments for growth, and technology spend is for ongoing system updates and relevance.