earnings
confidence high
sentiment negative
materiality 0.70
McGrath RentCorp Q2 revenue down 6% to $221.1M; EPS $1.37 vs $1.46; updates FY guidance
MCGRATH RENTCORP
- Net income $33.7M ($1.37 diluted EPS) vs $36.0M ($1.46) in Q2 2025; adjusted EBITDA $82.8M, down 4%.
- Rental operations revenue up 6% to $172.5M; sales revenue down 34% to $46.4M.
- TRS-RenTelco rental revenue grew 17%; Mobile Modular rental revenue up 2%; Portable Storage flat.
- Full-year 2026 guidance updated: revenue $955-985M, adjusted EBITDA $363-375M, gross rental capex $200-220M.
- Dividend of $0.495 per share declared; annualized yield 1.7% based on $119.98 close.