McGrath RentCorp (MGRC)

In Q3 2025, McGrath RentCorp announced a 4% increase in total revenues and a 3% increase in adjusted EBITDA for Q1 2025, and an 11% increase in total revenues and a 3% increase in adjusted EBITDA for Q2 2025. The Q3 2025 earnings per share were $1.72, missing the estimation of $1.82 by -5.36%. On September 19, 2025, McGrath RentCorp declared a quarterly dividend of $0.49 per share, with a forward dividend yield of 1.69%. On February 10, 2025, McGrath RentCorp celebrated its 40th anniversary listed on the Nasdaq.

Demand for McGrath RentCorp's products and services exhibits seasonality, particularly for modular buildings and portable storage solutions, tied to construction and project-based needs, with peaks in warmer months. The Enviroplex segment's demand is linked to school cycles, while TRS-RenTelco's demand varies based on the industries it serves. KitchensToGo's demand is driven by renovations, new construction, disaster recovery, and events.

McGrath RentCorp is a diversified business-to-business rental company specializing in temporary and permanent space solutions, electronic test equipment, and portable storage, operating primarily within the Industrials sector. The company's key segments include Mobile Modular, providing relocatable modular buildings; Portable Storage, offering steel containers for temporary storage; TRS-RenTelco, specializing in electronic test equipment rental and sales; Enviroplex, manufacturing modular buildings for educational institutions; and KitchensToGo, providing temporary and customized permanent foodservice facilities. The company generates most of its revenue from equipment rentals on operating leases.

McGrath RentCorp is headquartered in Livermore, California, and operates extensively across the United States through branch locations for its Mobile Modular and Mobile Modular Portable Storage divisions, including operations in California, Florida, Virginia, Georgia, and North Carolina. The TRS-RenTelco division serves customers nationally and internationally, including in Canada, by shipping equipment from its U.S.-based inventory centers.

McGrath RentCorp emphasizes a strong reputation built on quality, reliability, and customer service, with a mission to deliver smart, tailored rental solutions. The company prides itself on creating exceptional customer experiences and delivering premium quality products, consistently ranking high in customer satisfaction. The company also highlights its commitment to innovation and adapting to evolving customer needs.

McGrath RentCorp's ownership is distributed among institutional investors, individual shareholders, and company insiders. Major institutional owners include Vanguard Group Inc, River Road Asset Management, LLC, and BlackRock, Inc. Robert P. McGrath, the company's founder, is the largest individual shareholder, owning 1.30 million shares, representing 5.26% of the company.