Earnings Releases·Oct 28, 2026, 4:00 PM ET

McGrath RentCorp — Third Quarter 2026 Earnings Summary

Total revenues rose 7% year-over-year to $274.6 million, with net income increasing 15% to $48.8 million ($2.00 per diluted share) and adjusted EBITDA up 10% to $106.5 million.
Full-year 2026 total revenue guidance was lowered to $945–$960 million from the previous $955–$985 million range due to lower Mobile Modular new equipment sales, while adjusted EBITDA guidance narrowed to $365–$373 million.
Segment performance was mixed: Mobile Modular rental revenues grew 4% and TRS-RenTelco rental revenues surged 26% driven by data center demand, whereas Portable Storage saw rental revenues decline 3% amid soft demand and margin pressure.
Capital allocation included a $0.495 per share quarterly dividend, $34.2 million in common stock repurchases over the nine months, and an increase in full-year rental equipment capital expenditure guidance to $270–$290 million.