Recent Updates — MGRC
July 29, 2026View Source ↗
McGrath RentCorp reported second quarter 2026 results with total revenues decreasing 6% to $221.1 million and net income declining to $33.7 million, or $1.37 per diluted share, from $36.0 million in the prior year period. Rental operations revenues increased 6% to $172.5 million, driven by growth in Mobile Modular and TRS-RenTelco, while sales revenues fell 34% to $46.4 million due to project delays shifting to the second half of the year. The company declared a quarterly cash dividend of $0.495 per share. McGrath RentCorp operates as a business-to-business rental company in North America, providing modular building solutions and electronic test equipment.