Strong Overall Revenue Growth
Total revenues increased by 11% to $235.6 million for the second quarter of 2025.
Mobile Modular Division Success
Mobile Modular total revenues increased by 8% to $156 million, with a 5% increase in rental revenues, 11% increase in rental-related services, and 13% increase in sales revenues.
TRS-RenTelco Performance
Rental revenues grew by 7% and total revenues increased by 11% to $36.4 million, with an average utilization improvement from 56.5% to 64.8%.
Encouraging M&A Activity
Closed two tuck-in acquisitions in the Midwest and Southeast, providing additional fleet and customer relationships.
Upward Revision of Financial Outlook
The company has revised its full-year revenue outlook to between $925 million and $960 million, with adjusted EBITDA expected between $347 million and $356 million.