McGrath RentCorp (MGRC) SEC Filings & Earnings Calls
EquiReason read 9 McGrath RentCorp SEC filings in the last 12 months. Latest: 8-K on 2026-07-29 — Q2 2026 total revenues down 6% YoY, rental operations up 6%, sales down 34%; net income down 6%; updated FY2026 guidance narrowed; dividend declared $0.495..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.9B
- P/E TTM
- 18.8
- Dividend yield
- 1.7%
- 52-week
- —
- Next earnings
- 28 Oct, in 4 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
29 Jul 20268-K · 2.02Q2 2026 total revenues down 6% YoY, rental operations up 6%, sales down 34%; net income down 6%; updated FY2026 guidance narrowed; dividend declared $0.495.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $221M | -6% y/y |
| Rental operations revenues · Q2-2026 | $172M | +6% y/y |
| Sales revenues · Q2-2026 | $46M | -34% y/y |
| Net income · Q2-2026 | $34M | -6% y/y |
| Income from operations · Q2-2026 | $53M | -7% y/y |
| Adjusted EBITDA · Q2-2026 | $83M | -4% y/y |
| Dividend per share · Q2-2026 | $0.49 | |
| Mobile Modular Adjusted EBITDA · Mobile Modular · Q2-2026 | $51M | -4% y/y |
| Mobile Modular rental revenues · Mobile Modular · Q2-2026 | $82M | +2% y/y |
| Portable Storage Adjusted EBITDA · Portable Storage · Q2-2026 | $8M | -22% y/y |
Guidance
FY2026 total revenue $955-985M (prev $945-995M); Adjusted EBITDA $363-375M (prev $360-378M); Gross rental equipment capex $200-220M (prev $180-200M)
Narrowed revenue and EBITDA guidance ranges; increased capex guidance reflecting confidence in rental demand.
Risks flagged
Portable Storage rental related services gross margin negative due to higher trucking costs
“Gross margin on rental related services was negative 18% compared to 2% in 2025, primarily due to higher trucking related costs.” · word for word
Sales revenue decline of 34% due to project delays
“Sales revenues decreased 34% to $46.4 million... delays caused several new sales projects to shift to the second half of the year.” · word for word
Portable Storage commercial construction activity remains soft
“Portable Storage rental revenues were flat as commercial construction project activity remained soft.” · word for word
29 Jul 202610-QQ2 2026 revenue -6%, net income -6%, with mixed segment performance; TRS-RenTelco strong, Mobile Modular and Portable Storage weaker.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $221M | -6% y/y |
| Net income · Q2-2026 | $34M | -6% y/y |
| Earnings per diluted share · Q2-2026 | $1.39 | -5% y/y |
| Adjusted EBITDA · Q2-2026 | $83M | -4% y/y |
| Mobile Modular total revenues · Mobile Modular · Q2-2026 | $150M | -4% y/y |
| Mobile Modular average utilization · Mobile Modular · Q2-2026 | 70.1% | |
| Mobile Modular average monthly rental rate · Mobile Modular · Q2-2026 | 2.8% | |
| Portable Storage total revenues · Portable Storage · Q2-2026 | $24M | +1% y/y |
| Portable Storage average utilization · Portable Storage · Q2-2026 | 58.3% | |
| TRS-RenTelco total revenues · TRS-RenTelco · Q2-2026 | $43M | +17% y/y |
Risks flagged
Macroeconomic Uncertainty
“Macroeconomic conditions, such as a volatile interest rate environment, ongoing inflation, the geopolitical landscape, and foreign exchange rate fluctuations, continue to impact the global economy.” · word for word
Tariff and Trade Policy Uncertainty
“recent changes in legislation and regulations, including enacted and proposed tariffs and other trade policies, have introduced additional uncertainty in the global economy.” · word for word
Portable Storage Margin Pressure
“The gross margin on rental related services revenues was negative 18% in 2026, compared to 2% in 2025, primarily due to higher trucking related costs.” · word for word
Mobile Modular Utilization Decline
“Average utilization 3 70.1 % 73.7 % (5)%” · word for word
11 May 20268-K · 1.01, 2.03, 7.01McGrath RentCorp enters into a $725M five-year revolving credit facility, replacing existing $650M facility, maturing May 8, 2031. Proceeds for working capital, capex, and general corporate purposes.open
Risks flagged
Increased debt capacity could lead to higher leverage if utilized.
“The proceeds of the Senior Credit Facility will be used for working capital, capital expenditure and other general corporate purposes.”
29 Apr 20268-K · 2.02Total revenues $198M (+2% y/y); Rental operations revenues $162M (+5% y/y); Net income $27M (-4% y/y); Guidance: FY2026 total revenue $945-995M; adjusted EBITDA $360-378M; gross rental capex $180-200Mearningsopen
Figures in the filing · each found in the filing text
| Total revenues · Consolidated · Q1-2026 | $199M | +2% y/y |
| Rental operations revenues · Consolidated · Q1-2026 | $162M | +5% y/y |
| Net income · Consolidated · Q1-2026 | $27M | -4% y/y |
| Income from operations · Consolidated · Q1-2026 | $43M | -5% y/y |
| Adjusted EBITDA · Consolidated · Q1-2026 | $74M | -1% y/y |
| Mobile Modular rental revenues · Mobile Modular · Q1-2026 | $81M | +4% y/y |
| Portable Storage rental revenues · Portable Storage · Q1-2026 | $16M | +1% y/y |
| TRS-RenTelco rental revenues · TRS-RenTelco · Q1-2026 | $29M | +13% y/y |
Guidance
FY2026 total revenue $945-995M; adjusted EBITDA $360-378M; gross rental capex $180-200M
Reaffirmed FY2026 guidance; steady progress with rental revenue growth across segments.
Risks flagged
Macro uncertainty may cause project delays; commercial construction soft.
“Recent developments in the macro environment may create some uncertainty and could result in project delays.” · word for word
Portable Storage margins compressed due to higher costs.
“Higher costs for equipment preparation and sales coverage compressed margins in the quarter.” · word for word
29 Apr 202610-QConsolidated Revenue $198M (+2% y/y); Net Income $27M (-4% y/y); Adjusted EBITDA $74M (-1% y/y)open
Figures in the filing · each found in the filing text
| Consolidated Revenue · Q1-2026 | $199M | +2% y/y |
| Net Income · Q1-2026 | $27M | -4% y/y |
| Adjusted EBITDA · Q1-2026 | $74M | -1% y/y |
| Mobile Modular Revenue · Mobile Modular · Q1-2026 | $134M | +2% y/y |
| Portable Storage Revenue · Portable Storage · Q1-2026 | $22M | +3% y/y |
| TRS-RenTelco Revenue · TRS-RenTelco · Q1-2026 | $39M | +11% y/y |
| Mobile Modular Average Utilization · Mobile Modular · Q1-2026 | 70.0% | |
| TRS-RenTelco Average Utilization · TRS-RenTelco · Q1-2026 | 66.1% | |
| Mobile Modular Average Monthly Rental Rate · Mobile Modular · Q1-2026 | 2.8% | |
| TRS-RenTelco Average Monthly Rental Rate · TRS-RenTelco · Q1-2026 | 4.4% |
Risks flagged
Modular Classroom Funding Risk
“Significant reductions of, or delays in, funding to public schools have caused the demand and pricing for our modular classroom units to decline, which has in the past caused, and may cause in the future, a reduction in our revenues and profitability” · word for word
Macroeconomic Uncertainty
“Macroeconomic conditions, such as a volatile interest rate environment, ongoing inflation, the geopolitical landscape, and foreign exchange rate fluctuations, continue to impact the global economy.” · word for word
24 Apr 2026DEF 14ACEO succession: Joseph F. Hanna retired April 3, 2026; Philip B. Hawkins appointed President, CEO, and Board member.open
Figures in the filing · each found in the filing text
| Revenue Growth · FY2025 | 4.0% | |
| Adjusted EBITDA Growth · FY2025 | 3.0% | |
| Adjusted EBITDA · FY2025 | $362M | |
| Adjusted EBITDA Target · FY2025 | $349M | |
| Net Income · FY2025 | $156M | |
| Pre-Tax Income · FY2025 | $213M | |
| CEO Total Compensation · FY2025 | $7M | |
| Median Employee Compensation · FY2025 | $77715.00 | |
| Outstanding Shares · 2026-04-16 | 24,561,770 | |
| PSU Achievement (2023-2025) · 2023-2025 | 159.0% |
Risks flagged
Non-residential construction weakness
“weakness in non‑residential construction created headwinds for our Modular and Portable Storage businesses” · word for word
Shareholder dilution from equity plan
“increase the number of authorized shares of the Company’s Common Stock issuable under the 2026 Plan by 576,108 shares” · word for word
25 Feb 20268-K · 2.02Total revenues $257M (+5% y/y); Total revenues $944M (+4% y/y); Net income $50M (+28% y/y)earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q4-2025 | $257M | +5% y/y |
| Total revenues · FY2025 | $944M | +4% y/y |
| Net income · Q4-2025 | $50M | +28% y/y |
| Net income · FY2025 | $156M | -33% y/y |
| Adjusted EBITDA · Q4-2025 | $105M | +14% y/y |
| Adjusted EBITDA · FY2025 | $363M | +3% y/y |
| Income from operations · Q4-2025 | $74M | +18% y/y |
Risks flagged
Non-residential construction demand remains soft for Modular and Portable Storage
“Commercial construction project activity remained soft; challenging non-residential construction demand conditions”
McGrath RentCorp — questions
- What did McGrath RentCorp file recently?
- 9 SEC filings in the last 12 months. Latest: 8-K on 2026-07-29 — Q2 2026 total revenues down 6% YoY, rental operations up 6%, sales down 34%; net income down 6%; updated FY2026 guidance narrowed; dividend declared $0.495.
Every figure on this page comes from McGrath RentCorp's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.