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Electro Rent Corporation Company Snapshot
Electro Rent Corporation. Electro Rent Corporation is a United States-based global organization, which is engaged in the rental, lease and sale of new and used electronic test and measurement (T&M) equipment. The Company's Data Products (DP) division offers personal computers from manufacturers, including Dell, Hewlett-Packard (HP), International Business Machines (IBM), Toshiba and Apple. The Company operates in two segments: T&M and DP. The Company purchases T&M equipment from leading manufacturers, such as Keysight Technologies, Inc., Anritsu, Inc., Rohde & Schwarz Gmbh & Co. KG and Tektronix Inc. The Company's customers rent, lease and buy its T&M equipment, and use that equipment primarily in the aerospace and defense, telecommunications, electronics, industrial and semiconductor markets. The Company also sells used T&M and DP equipment that was held for rent and lease.

Sales Analysis. Electro Rent reported sales of $175.33 million for the fiscal year ending May of 2016. This represents a sharp decrease of 26.4% versus 2015, when the company's sales were $238.33 million. Contributing to the drop in overall sales was the 28.9% decline in T&m, from $218.60 million to $155.37 million. . However, these declines were partially offset by the increase in sales of Data Products (up 1.2% to $19.97 million) .
   
   
 
  Stock Performance Chart for Electro Rent Corporation
 
  Stock Data: Recent Stock Performance:
  Current Price (8/5/2016): 15.46
(Figures in U.S. Dollars)
1 Week -0.1%   13 Weeks 0.1%  
4 Weeks 51.1%   52 Weeks 54.1%  
 
Electro Rent Corporation Key Data:
  Ticker: ELRC Country: United States
  Exchanges: NAS Major Industry: Commercial Services & Supplies
    Sub Industry: Equipment Rental & Leasing
  2016 Sales 175,333,000
(Year Ending Jan 2017).
Employees: 386
  Currency: U.S. Dollars Market Cap: 374,079,962
  Fiscal Yr Ends: May Shares Outstanding: 24,196,634
  Share Type: Common Closely Held Shares: 13,789,993
 
 
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