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Mcgrath Rentcorp (MGRC)
NASDAQ:MGRC
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.11Last Year’s EPS
1.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial progress—notably strong adjusted EBITDA growth (+14%), a robust recovery at TRS (revenues +19%, EBITDA +21%), improving services revenue at Mobile Modular, and a continued commitment to capital allocation and dividends—while acknowledging meaningful headwinds from a soft nonresidential construction market, lower utilization in modulars, and pressure on portable storage profitability. Management provided a constructive but cautious 2026 guide that depends on execution of geographic expansion, sales initiatives and continued TRS momentum.Company Guidance
Company-Level Revenue and Profitability Growth
Total company revenues rose 5% in Q4 to $257.0M and adjusted EBITDA increased 14% year-over-year to $105.0M, reflecting improved profitability across the portfolio.
Mobile Modular Strong EBITDA and Service Expansion
Mobile Modular adjusted EBITDA increased 13% to $68.7M and total revenues increased 2% to $175.8M. Rental-related services grew 10%, MM Plus revenues rose to $10.5M from $8.4M, and site-related services increased to $10.0M from $6.9M, supporting higher gross profit (total gross profit +9%).
TRS-RenTelco Recovery and Margin Expansion
TRS-RenTelco delivered a notable recovery: total revenues up 19% to $40.6M, rental revenues up 13% to $28.7M, adjusted EBITDA up 21% to $23.1M, average utilization rising to 64.5% from 59.1%, rental margins improving to 44% from 40%, and sales revenues up 42% to $10.3M with 64% gross margins.
Enviroplex and Portfolio Diversification
Enviroplex experienced a very strong quarter and full year with healthy education demand, driving revenue growth and higher gross margins versus the prior year, helping offset broader nonresidential construction weakness.
Capital Allocation, Balance Sheet and Dividend
Board announced quarterly cash dividend (35th consecutive annual dividend increase). Net borrowings were $515M at quarter end with funded debt to LTM adjusted EBITDA of 1.42:1. Interest expense decreased by $2.4M to $6.5M due to lower rates and lower average debt levels.
2026 Financial Outlook and Capital Plans
2026 guidance: total revenue $945M–$995M; adjusted EBITDA $360M–$378M; gross rental equipment capex $180M–$200M. Management expects Mobile Modular adjusted EBITDA growth in 2026 and increased TRS capital investment, with targeted $5M–$8M higher operating expenses to ready fleet for demand.
MGRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MGRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $115.69 | $114.93 | -0.66% |
Oct 23, 2025 | $119.86 | $114.00 | -4.89% |
Jul 24, 2025 | $114.98 | $123.45 | +7.36% |
Apr 24, 2025 | $102.71 | $102.07 | -0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mcgrath Rentcorp (MGRC) report earnings?
Mcgrath Rentcorp (MGRC) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Mcgrath Rentcorp (MGRC) earnings time?
Mcgrath Rentcorp (MGRC) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGRC EPS forecast?
MGRC EPS forecast for the fiscal quarter 2026 (Q1) is 1.11.