Mcgrath Rentcorp ( (MGRC) ) has released its Q1 earnings. Here is a breakdown of the information Mcgrath Rentcorp presented to its investors.
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McGrath RentCorp, a prominent business-to-business rental company in North America, specializes in modular solutions and electronic test equipment rental services. In its first quarter of 2025, McGrath RentCorp reported a 4% increase in total revenues, reaching $195.4 million, and a net income of $28.2 million, marking a significant rise from the previous year. Key financial highlights include a 3% growth in rental operations revenues and an 11% increase in sales revenues. The company’s Mobile Modular division showed a 10% increase in Adjusted EBITDA, while the Portable Storage division faced challenges with a 13% decrease in rental revenues. TRS-RenTelco experienced slight growth in rental revenues, indicating a positive start to the year. Looking ahead, McGrath RentCorp remains cautious due to economic uncertainties but is committed to disciplined operational execution to capitalize on market opportunities.