secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000950170-25-023115
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000095017025023115/0000950170-25-023115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000095017025023115/mgrc-20250219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-023115

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