MCGRATH RENTCORP — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 32/100
What the filing says
McGrath RentCorp reported Q2 2026 total revenue of $221.1M (down 6% YoY), with net income of $33.7M or $1.37/diluted share (down 6% from $1.46). Rental operations grew 6% to $172.5M, but sales revenue fell 34% to $46.4M. Full-year 2026 guidance was narrowed: total revenue now $955–985M (from $945–995M), Adjusted EBITDA $363–375M (from $360–378M), and capex raised to $200–220M (from $180–200M). Dividend increased modestly to $0.495/share (1.7% yield). Key drivers: Mobile Modular rentals +2%, TRS-RenTelco rentals +17%, but Portable Storage flat and sales weakness persisted due to project delays.
Why this rating
Revenue and earnings decline with margin pressure is ordinary; capex and guidance changes minor relative to ~$2.9B market cap. No major restructuring or strategic shift.
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