---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017874"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:30:19.715170+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# McGrath Q4 revenues up 21% to $221.6M but EPS down to $1.30; dividend raised 2%

## Summary
- Q4 net income from continuing ops $32.0M ($1.30 diluted) vs $35.0M ($1.43) a year ago, a decline of 9%.
- Full-year revenues $831.8M (+31% YoY); net income from continuing ops $111.9M ($4.56 diluted), up 8%.
- Mobile Modular rental revenues up 37% (two-thirds from Vesta); TRS-RenTelco down 11% on semiconductor weakness.
- Quarterly dividend increased to $0.475/share (2% YoY), marking 33rd consecutive annual increase.
- CEO cites WillScot Mobile Mini deal validation; integration of Vesta completed on schedule.

## SEC filing metadata
- accession: 0000950170-24-017874
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000095017024017874/0000950170-24-017874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017024017874/mgrc-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017874
- JSON: https://secwatch.observer/filing/0000950170-24-017874.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017874.txt

## Key facts
- Earnings Releases
  MCGRATH RENTCORP reported fourth quarter ended December 31, 2023 results: revenue $221.6 million, net income $32.0 million, EPS $1.30 per diluted share.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $221.6 million
  - Net income: $32.0 million
  - EPS: $1.30 per diluted share
  - Result: reported results
  source text: MGRC), a leading business-to-business rental company in North America, today announced total revenues from continuing operations for the quarter ended December 31, 2023 of $221.6 million, an increase of 21% compared to the fourth quarter of 2022. The Company reported net income from continuing operations of $32.0 million, or $1.30 per diluted share, for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/752714/000095017024017874/0000950170-24-017874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.