---
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"
generated_at: "2026-05-31T16:30:33.703380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# McGrath Q2 earnings: revenue +5% to $212.6M, net income down to $0.84 EPS from $1.14 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/752714/000095017024086477/0000950170-24-086477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017024086477/mgrc-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-086477
- JSON: https://secwatch.observer/filing/0000950170-24-086477.json
- Plain text: https://secwatch.observer/filing/0000950170-24-086477.txt

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