---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-117033"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:46:07.726189+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# McGrath RentCorp Q3 net income $149.3M including $180M merger termination fee; core adj. EPS $1.87

## Summary
- Total revenues from continuing ops $266.8M (+10% YoY); rental revenue grew 1% to $124.2M.
- Net income $149.3M ($6.08 diluted EPS) includes $180M WillScot termination fee and $39.4M transaction costs.
- Adjusted net income from continuing ops $45.9M ($1.87 diluted EPS); Adjusted EBITDA $104.0M (+13%).
- Mobile Modular rental revenue +9%; Portable Storage rental -11%; TRS-RenTelco rental -10%.
- FY2024 guidance: revenue $910-$920M, Adjusted EBITDA $345-$351M, rental capex $180-$190M.

## SEC filing metadata
- accession: 0000950170-24-117033
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000095017024117033/0000950170-24-117033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017024117033/mgrc-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-117033
- JSON: https://secwatch.observer/filing/0000950170-24-117033.json
- Plain text: https://secwatch.observer/filing/0000950170-24-117033.txt

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