Recent Updates — MGRC

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.

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.