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AI brief of an SEC Form 8-K · MCGRATH RENTCORP (MGRC)

McGrath Q2 revenue falls 6% to $221.1 million; net income drops to $33.7 million

Negative Impact 3 of 5 earnings Written later

McGrath RentCorp reported second-quarter 2026 total revenues of $221.1 million, down 6%, and net income of $33.7 million, or $1.37 per diluted share, versus $1.46 a year earlier, mainly due to lower gross profit on sales revenues. The company narrowed its full-year 2026 total revenue and Adjusted EBITDA ranges and raised its gross rental equipment capital expenditure outlook to $200 to $220 million.

Key points

  • Total revenues were $221.1 million, down from $235.6 million; diluted EPS was $1.37 versus $1.46.
  • Sales revenues fell 34% to $46.4 million as several new sales projects shifted to the second half of the year.
  • Rental operations revenues rose 6% to $172.5 million, with TRS-RenTelco rental revenues up 17%.
  • Full-year 2026 total revenue outlook is now $955 to $985 million (previously $945 to $995 million); gross rental equipment capex is now $200 to $220 million (previously $180 to $200 million).

The filing

CompanyMCGRATH RENTCORP (MGRC)
Form8-K, current report
Filed with the SECJul 29, 2026, 4:00 PM ET
Accession number0001193125-26-323611

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.