McGrath Announces Results for Third Quarter 2026
McGrath RentCorp reported Q3 2026 revenue of $274.6 million, up 7% year-over-year, with net income of $48.8 million or $2.00 per diluted share versus $1.72 a year ago. TRS-RenTelco was the standout, with rental revenues up 26% on data-center buildout demand; Portable Storage remained soft with revenues down 3% and Adjusted EBITDA down 20%.
Key figures
- Eps
- 2
- Revenue
- 274600000
- Guidance
- FY2026 total revenue $945-$960M (lowered from $955-$985M); Adjusted EBITDA $365-$373M (narrowed from $363-$375M, midpoint unchanged); gross rental equipment capex raised to $270-$290M from $200-$220M
- Revenue Yoy
- 7%
- Net income
- 48800000
- Sales revenue
- $82.9M (+9%)
- Adjusted ebitda
- 106500000
- Rental ops revenue
- $189.5M (+6%)
- Adjusted ebitda yoy
- 10%
- Q3 dividend per share
- 0.495
- Annualized dividend yield
- 1.7%
- Trs rental revenue growth
- 26%
AI analysis
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