McGrath RentCorp filings document the regulatory record of a business-to-business rental company with modular space, portable storage and electronic test equipment operations. Form 8-K reports furnish quarterly and annual results, rental and sales revenue trends, segment commentary, dividend actions and management discussion attached to earnings releases.
Other filings cover governance and capital structure. The definitive proxy statement addresses board matters, executive compensation and pay-versus-performance disclosures, while material-event reports record executive succession, director and bylaw changes, compensatory arrangements and unsecured senior note financing with covenant and maturity terms.
McGrath RentCorp reports that Vanguard Capital Management beneficially owns 1,299,281 shares of Common Stock, representing 5.27% of the class. The filing lists sole power to vote for 189,187 shares and sole dispositive power for 1,299,281 shares. The filing is signed by Ashley Grim and dated 04/30/2026. The disclosure states these holdings include shares held for Vanguard funds and managed accounts over which Vanguard or its affiliates exercise voting or dispositive power.
McGrath RentCorp reported modestly higher revenue but slightly lower profit for the quarter ended March 31, 2026. Total revenues rose 2% to $198.5 million, while net income declined 4% to $27.0 million. Diluted earnings per share slipped to $1.10 from $1.15.
Rental operations remained the core, contributing about 82% of revenue. Segment performance was mixed: TRS-RenTelco delivered a 23% gross profit increase and 51% higher pre-tax income, while Mobile Modular and Portable Storage saw lower gross profit due to higher service and preparation costs. Enviroplex generated a small operating loss.
Operating cash flow was strong at $42.4 million, though down from the prior year as working capital movements shifted. The company invested heavily in growth, with rental equipment purchases of $43.5 million and property additions of $8.0 million, funded largely by credit facility borrowings. Notes payable rose to $546.0 million.
McGrath increased its quarterly dividend to $0.495 per share and repurchased 113,591 shares for about $11.9 million. Adjusted EBITDA was broadly flat at $74.1 million, reflecting stable underlying cash-generating capacity despite mixed segment margins.
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.
Vanguard Portfolio Management reported beneficial ownership of 1,425,487 shares of McGrath RentCorp common stock, representing 5.79% of the class. The filing shows sole voting power for 18,473 shares and sole dispositive power for 1,425,487 shares. The filing was signed on 04/29/2026.
McGrath RentCorp is asking shareholders to vote at a virtual-only annual meeting on June 3, 2026. Investors will elect seven directors, including new CEO Philip Hawkins and former CEO Joseph Hanna, who will both serve on the Board.
Shareholders are also asked to approve an amended and restated 2026 Stock Incentive Plan that would increase authorized common shares under the plan by 576,108, update performance criteria, add minimum vesting and director award limits, and extend the plan for ten years. Other items include ratifying Grant Thornton LLP as auditor for 2026 and an advisory vote on executive compensation.
McGrath RentCorp senior vice president Chris J. Snyder reported his initial ownership of company stock. The filing shows 4,180 shares of common stock held directly, with 585 of those shares outstanding and 3,595 unvested restricted stock units granted under the 2016 Stock Incentive Plan. Additional indirect holdings include 1,466 shares through a KSOP, 2,293 shares held by his spouse, and 3,017 shares in his spouse’s KSOP. The restricted stock units from grants on February 23, 2024, February 21, 2025 and February 27, 2026 vest 33% after the first and second anniversaries of each grant and 34% after the third anniversary.
MCGRATH RENTCORP Chief Strategy Officer Kristina Van Trease reported an acquisition of 2,265 restricted stock units (RSUs) of common stock held as a spouse's holding. These RSUs were granted under the 2016 Stock Incentive Plan and vest 33% on each of the first two anniversaries of the grant and 34% on the third anniversary. After this award, indirect holdings consist of 4,971 shares of common stock and 2,265 unvested RSUs, totaling 7,236 units tied to company equity compensation.
Whitney David M reported acquisition or exercise transactions in this Form 4 filing.
MCGRATH RENTCORP granted Senior Vice President and Chief Accounting Officer David M. Whitney 2,265 restricted stock units as equity compensation. These RSUs vest 33% on each of the first and second anniversaries of the grant and 34% on the third anniversary. Following this award, Whitney’s reported position consists of 4,971 common shares and 2,265 unvested RSUs, each representing the right to receive one share or cash equal to the stock’s fair market value on the vesting date.
McGrath RentCorp senior vice president and chief legal officer Gilda Malek exercised restricted stock units and settled related taxes in shares. On March 31, 2026, 1,431 restricted stock units converted into 1,431 shares of common stock. Of these, 700 shares were withheld at $110.28 per share to cover tax obligations, leaving Malek with 9,425 common shares held directly after the transactions. The restricted stock units vest in three annual installments of 33%, 33% and 34%, with each unit delivering one share or its cash equivalent at vesting.