Every 8-K that Mcgrath Rentcorp (MGRC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow MGRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGRC filings page.
McGrath RentCorp reported second-quarter 2026 total revenues of $221.1 million, down 6% from a year earlier. Net income was $33.7 million, or $1.37 per diluted share, compared with $36.0 million and $1.46. Management attributed the declines mainly to lower gross profit on sales revenues.
Core rental activity remained healthy: rental operations revenues rose 6% to $172.5 million, while sales revenues fell 34% to $46.4 million. Income from operations decreased 7% to $53.3 million and Adjusted EBITDA slipped 4% to $82.8 million. The company also recorded $1.8 million of other income from a corporate property sale and paid a $0.495 per-share dividend, a 1.7% yield on the July 28, 2026 close.
By segment, Mobile Modular delivered modest rental growth but lower sales, Portable Storage faced flat rental revenues and pressure from trucking costs, and TRS-RenTelco generated strong demand with 17% rental revenue growth and higher sales margins. For full-year 2026, McGrath updated guidance to total revenue of $955–$985 million, Adjusted EBITDA of $363–$375 million, and raised expected gross rental equipment capital expenditures to $200–$220 million.
McGrath RentCorp reported the results of its 2026 annual shareholder meeting. Shareholders elected all seven director nominees, each receiving over 18.5 million votes in favor, with Nicolas C. Anderson and Philip B. Hawkins among the highest-supported candidates.
Investors also approved the Amended and Restated 2026 Stock Incentive Plan, including an increase of 576,108 authorized shares for equity incentives, updated performance criteria under Internal Revenue Code Section 162(m), minimum vesting periods, director award limits, and a ten-year extension from the approval date. Shareholders ratified Grant Thornton LLP as independent auditors for the year ending December 31, 2026 and, on a non-binding basis, approved the compensation of the company’s named executive officers.
McGrath RentCorp has entered into a Third Amended and Restated Credit Agreement, completing a new $725 million five-year revolving credit facility with a syndicate of banks. This facility replaces the company’s prior $650 million line of credit and extends maturity to May 8, 2031.
The agreement includes a $40 million sublimit for standby letters of credit and a $20 million sublimit for swingline loans, and allows additional term loans or increased commitments under specified conditions. McGrath plans to use the proceeds for working capital, capital expenditures and other general corporate purposes.
McGrath RentCorp reported first-quarter 2026 total revenues of $198.5 million, up 2% from the prior year, driven by 5% growth in rental operations revenue to $162.2 million. Net income was $27.0 million, or $1.10 per diluted share, slightly below $28.2 million, or $1.15, a year earlier as operating income and Adjusted EBITDA softened modestly.
Adjusted EBITDA edged down 1% to $74.1 million. Mobile Modular rental revenues rose 4%, Portable Storage rental revenues grew 1%, and TRS-RenTelco rental revenues increased 13%. The company declared a quarterly dividend of $0.495 per share and reaffirmed its full-year 2026 outlook, including total revenue of $945–$995 million and Adjusted EBITDA of $360–$378 million.
McGrath RentCorp reported higher fourth quarter and full-year 2025 results and raised its dividend again. Fourth quarter 2025 total revenues were $256.8 million, up 5% from the prior year quarter, with net income of $49.8 million, or $2.02 per diluted share, compared with $38.9 million, or $1.58 per diluted share, a year earlier. Adjusted EBITDA for the quarter rose 14% to $104.9 million.
For the full year 2025, total revenues increased 4% to $944.2 million and Adjusted EBITDA increased 3% to $362.5 million. Net income was $156.3 million, or $6.35 per diluted share, versus $231.7 million, or $9.43 per diluted share, which previously included a large merger termination gain and related transaction costs. Excluding those items, full-year 2025 net income and diluted earnings per share each grew 7%.
The board declared a quarterly cash dividend of $0.495 per share for the quarter ending March 31, 2026, a 2% increase over the prior year period, marking 35 consecutive years of annual dividend increases. For 2026, McGrath expects total revenue of $945 million to $995 million, Adjusted EBITDA of $360 million to $378 million, and gross rental equipment capital expenditures of $180 million to $200 million.
McGrath RentCorp reported a planned leadership transition, with longtime President and Chief Executive Officer Joseph F. Hanna intending to retire as President and CEO effective April 3, 2026, while continuing to serve on the Board of Directors.
The company appointed Philip B. Hawkins, currently Executive Vice President and Chief Operating Officer, to become President, CEO and a director as of the same effective date. His compensation will include a $700,000 annual base salary, a target bonus equal to 100% of base salary, and an equity grant valued at $2,500,000 split evenly between restricted stock units and performance stock units.
To support the addition of Mr. Hawkins to the Board, McGrath RentCorp amended and restated its bylaws to increase the fixed number of directors from six to seven, effective April 3, 2026.
McGrath RentCorp reported that it announced its results for the third quarter ended September 30, 2025 via a press release dated October 23, 2025. The company furnished the information under Item 2.02, meaning it is provided to the SEC but not filed and not incorporated by reference into other filings. The press release is included as Exhibit 99.1. The company’s common stock trades on the Nasdaq Global Select Market under the symbol MGRC.
McGrath RentCorp has entered into a new private debt financing, issuing and selling $75 million aggregate principal amount of its 5.30% Series G Senior Notes to Prudential-affiliated purchasers under an existing note purchase and private shelf agreement.
The unsecured notes bear interest at 5.30% per year, mature on September 8, 2032, and pay interest semi-annually starting March 8, 2026. The company can prepay at least $5 million (plus $100,000 increments) at any time at 100% of principal plus a make-whole amount. The notes carry customary financial covenants, including a maximum leverage ratio and minimum fixed charge coverage ratio, and are subject to standard events of default tied to payment failures, covenant breaches, large cross-defaults, judgments, benefit plan liabilities, documentation issues, and change of control. U.S. subsidiaries Mobile Modular Management Corporation, Enviroplex, Inc. and Vesta Housing Solutions Holdings, LLC guarantee the company’s obligations.