Highest-materiality recent filing
All seven director nominees elected with 18.5M to 20.1M votes for, no withheld majority.
McGrath RentCorp closes $725M credit facility, up from $650M, maturing 2031
New five-year $725M revolving credit facility replaces existing $650M line; matures May 8, 2031.
McGrath Q1 2026 revenue $198.5M (+2%), EPS $1.10 vs $1.15 YoY; reaffirms guidance
Total revenue $198.5M (+2%); net income $27.0M ($1.10 diluted) vs $28.2M ($1.15) in Q1 2025.
McGrath RentCorp Q4 revenue up 5% to $256.8M, EPS $2.02; 35th annual dividend increase
Q4 revenue $256.8M (+5% YoY); net income $49.8M ($2.02 diluted EPS) vs $38.9M ($1.58) in Q4 2024.
McGrath RentCorp CEO Joseph Hanna to retire April 3, 2026; Philip Hawkins appointed CEO
Joseph F. Hanna to retire as President and CEO effective April 3, 2026; will remain on board.
McGrath Q3 net income $42.3M (excl. merger payment down 8%); revenue down 4%; narrows FY guidance
Net income $42.3M ($1.72 diluted EPS) vs $149.3M (incl. $180M merger termination) in Q3 2024; ex-items down 8%.
McGrath RentCorp issues $75M of 5.30% Senior Notes due 2032
Issued $75M aggregate principal of 5.30% Series G Senior Notes to Prudential affiliates on Sept 8, 2025.
McGrath RentCorp Q2 2025: revenue $235.6M (+11% YoY), EPS $1.46 vs $0.84, guidance raised
Net income $36.0M ($1.46 diluted EPS) vs $20.6M ($0.84) in Q2 2024; total revenue $235.6M, up 11%.
All six director nominees elected with >95% votes for; broker non-votes ~950k.
McGrath Q1 EPS beats; guidance revised lower amid tariff uncertainty
Net income $28.2M ($1.15 diluted EPS) vs $22.8M ($0.93) YoY; revenue $195.4M (+4%).
McGrath RentCorp sets 2025 annual meeting for June 4; shareholder proposal deadline March 31
Annual meeting scheduled for June 4, 2025; record date is April 17, 2025.
McGrath Q4 revenue up 10% to $243.7M; EPS $1.58, dividend raised 2% for 34th year
Q4 revenue $243.7M (+10% YoY); net income $38.9M ($1.58 diluted EPS) vs $32.0M ($1.30) in Q4 2023.
McGrath RentCorp appoints David M. Whitney as SVP, Chief Accounting Officer
David M. Whitney appointed SVP, Chief Accounting Officer effective Jan 13, 2025.
McGrath RentCorp appoints Philip B. Hawkins as COO; base salary raised to $500k
Philip B. Hawkins, former SVP and Div Mgr of Mobile Modular, appointed COO effective Jan 13, 2025.
McGrath RentCorp shareholders elect all directors, ratify auditor, approve say-on-pay
Elected six director nominees: Anderson, Box, Conjeevaram, Dawson, Hanna, Shuster with 18.9M-20.0M votes for each.
McGrath RentCorp Q3 net income $149.3M including $180M merger termination fee; core adj. EPS $1.87
Total revenues from continuing ops $266.8M (+10% YoY); rental revenue grew 1% to $124.2M.
McGrath RentCorp reduces board size from 7 to 6 directors
Board approved amended bylaws decreasing fixed director count from 7 to 6.
McGrath RentCorp sets 2024 Annual Meeting for Dec 12, record date Oct 22
Annual Meeting scheduled for December 12, 2024; record date October 22, 2024.
Mutual termination of merger with WillScot effective Sept 17, 2024; McGrath receives $180M termination fee within 3 business days.
Director Elizabeth A. Fetter resigns from McGrath RentCorp board for personal reasons
Resigned August 1, 2024, after over 10 years of service; no replacement announced.
McGrath Q2 earnings: revenue +5% to $212.6M, net income down to $0.84 EPS from $1.14 YoY
Net income from continuing ops $20.6M ($0.84 diluted EPS) vs $28.0M ($1.14) in Q2 2023; decline driven by $12.4M M&A transaction costs.
McGrath RentCorp shareholders approve merger with WillScot Mobile Mini
Merger proposal approved with 18,070,204 votes for (96.2% of votes cast), 688,517 against, 31,098 abstain.
McGrath RentCorp supplements proxy disclosures for WillScot merger amid shareholder lawsuits
Company received nine demand letters and three complaints challenging proxy statement adequacy.
McGrath Q1 revs $187.8M (+15%), EPS $0.93 incl $0.28 gain; modular strong
Total revenue $187.8M, up 15% YoY; net income $22.8M vs $11.5M; diluted EPS $0.93 vs $0.47.
McGrath RentCorp and WillScot receive FTC Second Request, extending HSR waiting period
FTC issued Second Request to both McGrath and WillScot Mobile Mini on Feb 21, 2024, extending HSR waiting period.
McGrath Q4 revenues up 21% to $221.6M but EPS down to $1.30; dividend raised 2%
Q4 net income from continuing ops $32.0M ($1.30 diluted) vs $35.0M ($1.43) a year ago, a decline of 9%.
Definitive Merger Agreement with WillScot Mobile Mini filed as exhibit; deal to create combined space solutions provider.
WillScot Mobile Mini to acquire McGrath RentCorp for $3.8B; $123/share cash or 2.8211 stock
Merger valued at ~$3.8B; MGRC shareholders get $123 cash or 2.8211 WSC shares per share (60% cash/40% stock).
McGrath RentCorp reports Q3 2023 earnings; specific financial results not provided in filing text
Company filed 8-K on October 26, 2023 for Q3 2023 results via press release.
McGrath RentCorp issues $75M of 6.25% senior notes due 2030
Issued $75M 6.25% Series F Senior Notes to Prudential Insurance Company, maturing Sept 27, 2030.
McGrath RentCorp reports Q2 2023 results; details unavailable from provided filing text
Filed Form 8-K on July 27, 2023 announcing second quarter results for period ended June 30, 2023.
McGrath RentCorp enters $300M note purchase agreement, amends existing $100M notes
New Second Amended and Restated Note Purchase Agreement with PGIM, Inc. for up to $300M in Shelf Notes.
McGrath RentCorp board shrinks to 7; RSU vesting modified for departing directors
Board reduced from 9 to 7 after directors Stradford and Smith did not stand for reelection.
McGrath Q1 revenues up 19% to $173.2M; raises full-year guidance
Net income $71.7M ($2.92 diluted EPS) vs $18.8M ($0.77) prior year; includes $58.9M gain on Adler Tanks divestiture.
McGrath RentCorp announces Q4 2022 results; no details available
Company reported fourth quarter 2022 financial results via press release on February 22, 2023.
McGrath RentCorp VP Legal Affairs Melodie Craft resigns effective March 10, 2023
Separation agreement includes $345,000 cash payment (12 months base salary).
McGrath buys Vesta Modular for $400M, sells Adler Tank for $265M to focus on modular
Sold Adler Tank to Ironclad for $265M (7.1x adj. EBITDA); acquired Vesta Modular for $400M (7.7x FY2022 EBITDA net of synergies).
McGrath RentCorp appoints Nicolas Anderson to Board of Directors
Appointment effective December 1, 2022; fills vacancy increasing board size to nine members.
McGrath RentCorp announces Q3 2022 results; no specific figures in 8-K text
Company reported Q3 2022 earnings via press release on October 27, 2022.
McGrath RentCorp announces Q2 2022 results; specific figures not provided in filing text
Company issued press release on July 28, 2022, for quarter ended June 30, 2022.
McGrath RentCorp closes $650M credit facility, replacing prior $420M line
$650M unsecured revolving credit facility matures July 15, 2027.
All 8 director nominees elected with >19.4M votes for each; no withheld majority.
McGrath RentCorp Q1 revenue up 20% to $145.4M; EPS $0.77 vs $0.71
Net income of $18.8M ($0.77 diluted EPS) vs $17.4M ($0.71) prior year.
McGrath RentCorp reports Q4 2021 results; details unavailable in filing text
Press release attached as Exhibit 99.1 but not included in provided text.
McGrath RentCorp announces Q3 2021 results; specific financials not provided
Q3 2021 results released for period ended September 30, 2021 via press release.
McGrath RentCorp announces Q2 2021 earnings; specific financial data not available in this 8-K text
Company reported results for second quarter ended June 30, 2021.
Effective January 13, 2025, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed David M. Whitney as Senior Vice President, Chief Accounting Officer of the Company.
Effective January 13, 2025, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed Philip B. Hawkins as Chief Operating Officer of the Company.
On August 1, 2024, Elizabeth A. Fetter, a member of the board of directors (the “Board”) of McGrath RentCorp (the “Company”) resigned from the Board, and all other positions she held as a member of any committee of the Board, effective immediately.
At the 2023 annual meeting of shareholders held on June 7, 2023 (the “Annual Meeting”), Messrs. Dennis P. Stradford and M. Richard Smith did not stand for reelection and resigned as of the Annual Meeting.
At the 2023 annual meeting of shareholders held on June 7, 2023 (the “Annual Meeting”), Messrs. Dennis P. Stradford and M. Richard Smith did not stand for reelection and resigned as of the Annual Meeting.
On February 10, 2023, McGrath RentCorp (the “Company”) and Melodie Craft, the Vice President Legal Affairs and Risk Management of the Company, mutually agreed that Ms. Craft would resign from the Company effective as of March 10, 2023 (the “Separation Date”).
On October 24, 2022, the Board of Directors (the “Board”) of McGrath RentCorp (the “Company”) appointed Nicolas (Nic) Anderson as a member of the Company’s Board, with such election effective as of December 1, 2022, to serve until the 2023 annual meeting of shareholders and such time as his successor is duly elected and qualified.
Max materiality 1.00 · Median 0.50 · Most common event earnings