McGrath RentCorp — Third Quarter 2026 Earnings Summary

McGrath RentCorp reported third-quarter 2026 total revenues of $274.6 million, representing a 7% increase from the prior year, driven by growth in rental operations and sales revenues. The company achieved net income of $48.8 million, or $2.00 per diluted share, compared to $42.3 million in the same period of 2025. While Mobile Modular and TRS-RenTelco divisions posted revenue gains, Portable Storage revenues declined due to soft market demand and elevated operational costs. Consequently, McGrath updated its full-year 2026 outlook, lowering total revenue expectations to a range of $945 million to $960 million while maintaining its Adjusted EBITDA guidance midpoint.