secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950170-24-048259
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000095017024048259/0000950170-24-048259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000095017024048259/mgrc-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-048259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer