---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-016431"
form_type: "8-K"
ticker: "MGRC"
cik: "0000752714"
company_name: "MCGRATH RENTCORP"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:42:07.024259+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# McGrath RentCorp Q1 revenue up 20% to $145.4M; EPS $0.77 vs $0.71

## Summary
- Net income of $18.8M ($0.77 diluted EPS) vs $17.4M ($0.71) prior year.
- Rental revenues increased 21% YoY to $104.2M, driven by Modular segment up 32%.
- Adjusted EBITDA rose 15% to $56.7M; dividend raised 5% to $0.455/share.
- Full-year 2022 guidance: revenue $675-705M, Adj. EBITDA $260-275M, capex $117-127M.
- Modular rental revenue growth of 32% includes ~2/3 from acquisitions; organic up 11%.

## SEC filing metadata
- accession: 0001564590-22-016431
- form_type: 8-K
- ticker: MGRC
- cik: 0000752714
- company_name: MCGRATH RENTCORP
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/752714/000156459022016431/0001564590-22-016431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/752714/000156459022016431/mgrc-8k_20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-016431
- JSON: https://secwatch.observer/filing/0001564590-22-016431.json
- Plain text: https://secwatch.observer/filing/0001564590-22-016431.txt

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