McGrath RentCorp MGRC

The London Company, an investment management company, released its second-quarter 2026 investor letter for its “Small Cap Strategy.” U.S. equities rebounded in the quarter, driven by AI infrastructure spending and positive earnings. The letter can be downloaded here. Despite this optimism, rate outlook uncertainty persisted. Technology, previously weak, surged to lead the market, especially in semiconductors, […]

LIVERMORE, Calif., September 18, 2026--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced the Board of Directors’ declaration of a quarterly cash dividend of $0.495 per common share for the quarter ending September 30, 2026. The dividend will be payable on October 30, 2026 to all shareholders of record on October 16, 2026. The year 2026 marks over 35 consecutive years that McGrath RentCorp has raised its d

McGrath RentCorp (MGRC) drew fresh attention after its recent share move, with the price closing at US$110.63 as investors reassess a business built around modular buildings, portable storage, and electronic test equipment rentals. Recent trading tells a mixed story for McGrath RentCorp. The 1-month share price return is down 9.53%, while the year to date share price return is up 5.13% and the 5-year total shareholder return of 73.28% points to stronger gains over a longer holding period,...

There is a quiet argument running underneath the current industrial buildout about who should own the equipment. On one side sits the traditional answer: a project needs an asset, so the project buys the asset, installs it, and depreciates it over its life. On the other sits a model that has been steadily taking share for two decades, in which the asset belongs to a fleet, arrives when it is needed, earns while it is useful, and leaves when it is not. Across equipment rental, modular space and t

Moby summary of McGrath RentCorp's Q2 2026 earnings call

Rental operations revenue rose 6% year-over-year, driven by Mobile Modular and TRS-RenTelco, while total revenue fell 6% due to lower equipment sales.

LIVERMORE, Calif., July 29, 2026--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended June 30, 2026 of $221.1 million, a decrease of 6% compared to the second quarter of 2025. The Company reported net income of $33.7 million, or $1.37 per diluted share, for the second quarter of 2026, compared to net income of $36.0 million, or $1.46 per diluted share, for the second qua

LIVERMORE, Calif., June 25, 2026--McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced plans to release financial results for its second quarter ending June 30, 2026, after the close of regular market trading on Wednesday, July 29, 2026.

Earlier in May 2026, McGrath RentCorp completed a new US$725 million five-year credit facility, replacing its prior US$650 million line of credit and providing funding for working capital, capital expenditures and other general corporate purposes. The expanded facility, arranged by a syndicate led by Bank of America, U.S. Bank and Wells Fargo, meaningfully increases the company’s committed liquidity and financial flexibility compared with its previous setup. We’ll now examine how this...