secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001564590-22-016431
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000156459022016431/0001564590-22-016431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000156459022016431/mgrc-8k_20220428.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-016431

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer