---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-023115"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:45:02.767905+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# McGrath Q4 revenue up 10% to $243.7M; EPS $1.58, dividend raised 2% for 34th year

## Summary
- Q4 revenue $243.7M (+10% YoY); net income $38.9M ($1.58 diluted EPS) vs $32.0M ($1.30) in Q4 2023.
- Full-year 2024 net income $231.7M ($9.43 diluted EPS); adjusted EPS $5.93 excluding $180M WillScot termination fee and $63.2M transaction costs.
- Mobile Modular rental revenues +8%, Adj. EBITDA +13%; Portable Storage rentals -15%, Adj. EBITDA -22%; TRS-RenTelco rentals -9%, Adj. EBITDA -8%.
- Dividend raised to $0.485/share (+2%); payable April 30, 2025; record April 16, 2025; marks 34th consecutive annual increase.
- 2025 guidance: revenue $920-970M, Adj. EBITDA $345-360M, gross equipment capex $120-130M (vs 2024: $191M).

## SEC filing metadata
- accession: 0000950170-25-023115
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/752714/000095017025023115/0000950170-25-023115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000095017025023115/mgrc-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-023115
- JSON: https://secwatch.observer/filing/0000950170-25-023115.json
- Plain text: https://secwatch.observer/filing/0000950170-25-023115.txt

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