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

McGrath RentCorp Q3 EPS rises to $2.00; full-year revenue outlook lowered

Mixed Impact 4 of 5 earnings Written later

McGrath RentCorp reported third-quarter 2026 total revenues of $274.6 million, up 7%, and net income of $48.8 million, or $2.00 per diluted share, versus $1.72 a year earlier. It also lowered its full-year total revenue outlook to $945 million to $960 million from $955 million to $985 million, citing lower Mobile Modular new equipment sales, and raised its gross rental equipment capital expenditure forecast.

Key points

  • Q3 2026 total revenues $274.6 million, up 7% from $256.4 million in Q3 2025
  • Q3 2026 net income $48.8 million, or $2.00 per diluted share, versus $42.3 million, or $1.72, in Q3 2025
  • Total revenue outlook for remainder of 2026 cut to $945 million to $960 million from $955 million to $985 million
  • Gross rental equipment capital expenditures raised to $270 million to $290 million from $200 million to $220 million; Adjusted EBITDA range narrowed to $365 million to $373 million from $363 million to $375 million, midpoint unchanged

The filing

CompanyMCGRATH RENTCORP (MGRC)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:00 PM ET
Accession number0001193125-26-436105

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 October 28, 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.