Electro Rent Corp.
ELRC
NASDAQ15.50
USD
+0.01
- -
Electro Rent Corp.
ELRC
(NASDAQ)
Recent
price
15.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Electro Rent Corporation, a Platinum Equity portfolio company founded in 1965 and headquartered in West Hills, California, provides rental, lease, sale, calibration, repair and asset management services for electronic test and measurement equipment; offerings encompass general-purpose test gear such as oscilloscopes, spectrum analyzers, network analyzers, signal generators, multimeters, power supplies and RF/microwave instruments from brands including Keysight, Tektronix and Anritsu; telecommunication test equipment including OTDRs, PIM testers, CAT testers, fiber inspection tools and base station analyzers from VIAVI, EXFO and Fluke Networks; electrical and power products such as battery test sets, relay test sets and circuit breakers; as well as certified used equipment and data products like personal computers and servers previously offered through its intellirent division. The company serves industries including aerospace and defense, telecommunications, semiconductors, automotive, energy, education and general electronics, with global operations supported by a $1.2 billion inventory, accredited calibration labs and rapid delivery through sales offices worldwide. Recent developments include a distribution agreement with Antennex for antenna measurement solutions; expansion of professional services with Calibration-as-a-Service in the U.S. and Canada; a collaboration with Wright State University Foundation to advance private 4G/5G wireless innovation; appointment of Alan Mayer as chief revenue officer to drive growth; sale of the intellirent division to Sandbrook Capital; and relocation of its Belgium office to Mechelen in June 2024 for enhanced service.