{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-017818","form_type":"8-K","ticker":"MGRC","cik":"0000752714","company_name":"MCGRATH RENTCORP","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.166110+00:00","generated_at":"2026-06-15T23:36:06.689540+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"McGrath Q1 revenues up 19% to $173.2M; raises full-year guidance","bullets":["Net income $71.7M ($2.92 diluted EPS) vs $18.8M ($0.77) prior year; includes $58.9M gain on Adler Tanks divestiture.","Continuing ops income $11.5M ($0.47 diluted EPS); adjusted EPS $0.89 after excluding $14.2M transaction costs.","Rental revenues from continuing ops up 22% to $110.2M; Modular rental revenues up 32% including Vesta acquisition.","Full-year 2023 guidance raised: total revenue $790-820M (prev $780-810M); Adjusted EBITDA $300-315M (prev $294-309M).","Dividend maintained at $0.465 per share; annualized yield ~2.1% based on $88.46 close."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-017818","json":"https://secwatch.observer/filing/0000950170-23-017818.json","markdown":"https://secwatch.observer/filing/0000950170-23-017818.md","text":"https://secwatch.observer/filing/0000950170-23-017818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/752714/000095017023017818/0000950170-23-017818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/752714/000095017023017818/mgrc-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:36:06.689540+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ceff4fc081a238413a44fee946f0d83589ab4790","claim":"MCGRATH RENTCORP reported its first quarter ended March 31, 2023 results: revenue $173.2 million, net income $71.7 million, EPS $2.92 per diluted share. Guidance raised.","evidence_excerpt":"total revenues for the quarter ended March 31, 2023 of $173.2 million, an increase of 19%, compared to the first quarter of 2022. The Company reported net income of $71.7 million, or $2.92 per diluted share, for the first quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/752714/000095017023017818/0000950170-23-017818-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its first quarter ended March 31, 2023"},{"label":"Revenue","value":"$173.2 million"},{"label":"Net income","value":"$71.7 million"},{"label":"EPS","value":"$2.92 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}