{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-086477","form_type":"8-K","ticker":"MGRC","cik":"0000752714","company_name":"MCGRATH RENTCORP","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.787866+00:00","generated_at":"2026-05-31T16:30:33.703380+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"McGrath Q2 earnings: revenue +5% to $212.6M, net income down to $0.84 EPS from $1.14 YoY","bullets":["Net income from continuing ops $20.6M ($0.84 diluted EPS) vs $28.0M ($1.14) in Q2 2023; decline driven by $12.4M M&A transaction costs.","Total revenues $212.6M (+5% YoY); rental revenues $121.2M (+3%).","Adjusted EBITDA $83.7M (+9%); Mobile Modular rental revenue +10%, Portable Storage -4%, TRS-RenTelco -11%.","Dividend declared $0.475/share; selling & admin expenses rose 31% including $12.4M in WillScot merger costs.","Continued focus on Mobile Modular Plus, Site Related Services, and fleet optimization amid pending WillScot Mobile Mini transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-086477","json":"https://secwatch.observer/filing/0000950170-24-086477.json","markdown":"https://secwatch.observer/filing/0000950170-24-086477.md","text":"https://secwatch.observer/filing/0000950170-24-086477.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/752714/000095017024086477/0000950170-24-086477-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/752714/000095017024086477/mgrc-20240725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:30:33.703380+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}