Earnings ·
McGrath RentCorp reports Q3 diluted EPS of $2.00 on $274.6M revenue
MGRCMcGrath Rentcorp
McGrath RentCorp announced third-quarter results ending September 30, 2026, reporting total revenues of $274.6 million, a 7% increase year-over-year. Net income rose to $48.8 million, or $2.00 per diluted share, compared to $1.72 in the prior-year period. The growth was driven by higher gross profit on rental operations and sales revenues. Rental operations revenues increased 6% to $189.5 million, while sales revenues grew 9% to $82.9 million. Adjusted EBITDA rose 10% to $106.5 million. The company declared a quarterly dividend of $0.495 per share. McGrath RentCorp is a leading business-to-business rental company in North America providing modular solutions and electronic test equipment.