MCGRATH RENTCORP (MGRC) Form 8-K — Jul 29, 2026
McGrath RentCorp reported total revenues of $221.1 million for the second quarter of 2026, a decrease of 6% compared to the prior year, with net income falling to $33.7 million or $1.37 per diluted share. The declines in net income and earnings per share were primarily attributed to lower gross profit on sales revenues. Rental operations revenues increased 6% to $172.5 million, driven by growth in the Mobile Modular and TRS-RenTelco segments, while sales revenues dropped 34% to $46.4 million due to project delays at Enviroplex and Mobile Modular. TRS-RenTelco performed particularly well with 17% rental revenue growth supported by data center buildouts.
Key figures
- Eps
- 1.37
- Revenue
- 221.1 million
- Guidance
- Total revenue $955 to $985 million; Adjusted EBITDA $363 to $375 million
- Net Income
- 33.7 million
- Revenue Yoy
- -6%
- Sales revenues
- 46.4 million
- Adjusted EBITDA
- 82.8 million
- Dividend per share
- 0.495
- Rental operations revenue
- 172.5 million
Price after filing
Close on the filing date to close N calendar days later (from $120.00). Historical, not a forecast.
AI analysis
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