Highest-materiality recent filing
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 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%.
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 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 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 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.
Mutual termination of merger with WillScot effective Sept 17, 2024; McGrath receives $180M termination fee within 3 business days.
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 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%.
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 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 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 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.
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