---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-048259"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:48:06.149837+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# McGrath Q1 revs $187.8M (+15%), EPS $0.93 incl $0.28 gain; modular strong

## Summary
- Total revenue $187.8M, up 15% YoY; net income $22.8M vs $11.5M; diluted EPS $0.93 vs $0.47.
- Adjusted EBITDA $72.1M, up 17% from $61.7M; includes $9.3M net gain on property sale.
- Mobile Modular rental revenue +19% to $76.5M; Adjusted EBITDA $43.3M (+34%).
- TRS-RenTelco rental revenue -13% to $25.4M on semiconductor weakness; EBITDA $18.5M (-10%).
- Dividend declared $0.475/share vs $0.465 prior year, payable in Q2.

## SEC filing metadata
- accession: 0000950170-24-048259
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000095017024048259/0000950170-24-048259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017024048259/mgrc-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-048259
- JSON: https://secwatch.observer/filing/0000950170-24-048259.json
- Plain text: https://secwatch.observer/filing/0000950170-24-048259.txt

## Key facts
- Earnings Releases
  MCGRATH RENTCORP reported first quarter ended March 31, 2024 results: revenue $187.8 million, net income $22.8 million, EPS $0.93 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $187.8 million
  - Net income: $22.8 million
  - EPS: $0.93 per diluted share
  - Result: reported results
  source text: total revenues from continuing operations for the quarter ended March 31, 2024 of $187.8 million, an increase of 15% compared to the first quarter of 2023. The Company reported net income from continuing operations of $22.8 million, or $0.93 per diluted share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/752714/000095017024048259/0000950170-24-048259-index.htm

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