Earnings summaries and quarterly performance for MCGRATH RENTCORP.
Executive leadership at MCGRATH RENTCORP.
Joseph Hanna
Chief Executive Officer and President
David Whitney
Senior Vice President, Chief Accounting Officer
Gilda Malek
Senior Vice President, Chief Legal Officer and Corporate Secretary
John Lieffrig
Vice President, Portable Storage
John Skenesky
Vice President, TRS-RenTelco
Keith Pratt
Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary
Kristina Van Trease
Senior Vice President, Chief Strategy Officer
Philip Hawkins
Executive Vice President, Chief Operating Officer
Tara Wescott
Senior Vice President, Chief Human Resources Officer
Board of directors at MCGRATH RENTCORP.
Research analysts who have asked questions during MCGRATH RENTCORP earnings calls.
Scott Schneeberger
Oppenheimer & Co. Inc.
6 questions for MGRC
Marc Riddick
Sidoti & Company, LLC
4 questions for MGRC
Daniel Moore
CJS Securities, Inc.
2 questions for MGRC
Dan Moore
B. Riley Securities
2 questions for MGRC
Mark Riddick
Sidoti
2 questions for MGRC
Steven Ramsey
Thompson Research Group
2 questions for MGRC
Will Gildea
CJS Securities
1 question for MGRC
Recent press releases and 8-K filings for MGRC.
- McGrath RentCorp reported Q3 2025 total revenues of $256 million, a 4% decrease, with adjusted EBITDA down 7% to $96.5 million. Despite this, the company upwardly revised its full-year 2025 outlook, projecting total revenue between $935 million and $955 million and adjusted EBITDA between $350 million and $357 million.
- Rental operations revenues increased 4% overall, with Mobile Modular rental revenues up 2% driven by larger infrastructure projects and education activity, Portable Storage up 1% with signs of market stabilization, and TRS-RenTelco rental revenues growing 9% due to strong demand in general purpose and communications.
- The company continues to focus on strategic growth priorities, including expanding Mobile Modular Plus and site-related services, entering new regions, and pursuing tuck-in acquisitions, while navigating persistent uncertain market conditions and soft non-residential construction indicators.
- McGrath RentCorp reported Q3 2025 total revenues decreased 4% to $256 million, with Adjusted EBITDA down 7% to $96.5 million, and diluted earnings per share at $1.72.
- Rental operations revenues rose 4% across all three businesses, while sales revenues decreased 18%. Mobile Modular rental revenues increased 2%, Portable Storage rental revenues grew 1% (the first year-over-year growth since Q1 2024), and TRS-RenTelco rental revenues were up 9%.
- The company upwardly revised its full-year 2025 financial outlook, now projecting total revenue between $935 million and $955 million and Adjusted EBITDA between $350 million and $357 million.
- Despite persistent market uncertainties and soft non-residential construction indicators, management noted signs of stabilization in portable storage and solid demand pipelines for TRS-RenTelco. The company also reduced rental equipment capital expenditures due to available fleet and maintains an active M&A pipeline.
- The 8-K filing announces the outcomes of McGrath RentCorp’s 2025 annual shareholder meeting held on June 4, 2025, detailing proposals on director elections, auditor ratification, and executive compensation advisory votes.
- Detailed vote counts were provided for each proposal, including substantial votes for director nominees and the ratification of Grant Thornton LLP as the independent auditor.
- Earnings Summary: McGrath RentCorp reported total revenues of $195.4M (+4%), adjusted EBITDA of $74.5M (+3%), and net income of $28.2M
- Mobile Modular Performance: The segment posted revenues of $131.9M (+3%) and adjusted EBITDA of $47.6M (+10%), with rental margins improving from 57% to 60%
- Rental Operations: Generated revenues of $154.0M and paid a dividend of $0.485 per share (1.9% yield)
- Management Outlook: Ongoing modular sales initiatives were highlighted amid a cautious outlook due to economic uncertainty, potential project delays, and tariff headwinds
- Full-Year Guidance Update: The revised outlook projects total revenues between $920M–$960M and adjusted EBITDA between $343M–$355M, reflecting strategic investments and cost management
- Additional Details: For further inquiries, contact Keith E. Pratt, EVP & CFO
Recent SEC filings and earnings call transcripts for MGRC.
No recent filings or transcripts found for MGRC.