secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117033
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000095017024117033/0000950170-24-117033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000095017024117033/mgrc-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117033

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