MGRC

In July 2026, McGrath RentCorp announced its second-quarter results, reporting a 6% decrease in total revenues to $221.1 million and a decrease in net income to $33.7 million, or $1.37 per diluted share, compared to Q2 2025, primarily due to lower gross profit on sales revenues. In September 2026, the company's stock was downgraded to 'hold' due to economic headwinds and deteriorating fundamentals, despite management's optimism, with Q2 financials showing declining revenue and profitability in Mobile Modular but strength in TRS-RenTelco. Later in September 2026, the company declared a quarterly dividend. In October 2026, McGrath RentCorp scheduled its third-quarter 2026 earnings and conference call for October 28, 2026, and Director Joseph Hanna sold 7,500 shares of company stock for approximately $862,800.