EX-99.1 2 mgrc-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE April 29, 2026 McGrath Announces Results for First Quarter 2026 Livermore, CA - April 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 March 31, 2026 of $198.5 million, an increase of 2% compared to the first quarter of 2025. The Company reported net income of $27.0 million, or $1.10 per diluted share, for the first quarter of 2026, compared to net income of $28.2 million, or $1.15 per diluted share, for the first quarter of 2025. FIRST QUARTER 2026 YEAR-OVER-YEAR Company HIGHLIGHTS: • Rental operations revenues increased 5% to $162.2 million. • Sales revenues decreased 13% to $34.0 million. • Total revenues increased 2% to $198.5 million. • Income from operations decreased 5% to $43.4 million. • Adjusted EBITDA1 decreased 1% to $74.1 million. • Dividend rate of $0.495 per share for the first quarter 2026. On an annualized basis, this dividend represents a 1.6% yield on the April…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
McGrath RentCorp
MGRCNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On April 29, 2026, McGrath RentCorp (the “Company”) announced via press release the Company’s results for its first quarter ended March 31, 2026. A copy of the Company’s press release is attached hereto as Exhibit 99.1.…
Company context
McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 40 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.