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MCGRATH RENTCORP (MGRC) filed an 8-K current report with the SEC on April 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results for quarter ended March 31, 2026 announced April 29, 2026.
MCGRATH RENTCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026 announced April 29, 2026
- Full financial results and management commentary provided in Exhibit 99.1
- Earnings disclosure enables investors to assess quarterly operating performance against expectations
Item EX-99.1 · Exhibit EX-99.1
- Q1 2026 revenue rose 2% to $198.5M, but net income fell to $27.0M from $28.2M
- Rental operations grew 5% to $162.2M, offset by a 13% decline in sales revenue to $34.0M
- TRS-RenTelco strongest segment, with rental revenue up 13% and Adjusted EBITDA up 16% to $20.9M
- Portable Storage profitability weakened, with Adjusted EBITDA down 17% to $7.1M amid higher preparation and coverage costs
- 2026 outlook reaffirmed: revenue $945-$995M, Adjusted EBITDA $360-$378M, and capital expenditures $180-$200M
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