Q4 2025 McGrath RentCorp Earnings Call Transcript

Feb 25, 2026 / 10:00 PM GMT

Release Date Price: $115.69 (+1.06%)

Transcript 10-K8-K

Key Points

Positve

McGrath RentCorp (MGRC) reported a 5% increase in total company revenues for Q4 2025, driven by rental operations revenue growth across all three rental businesses.
Adjusted EBITDA increased by 14% year-over-year, showcasing strong financial performance.
The company announced its 35th consecutive annual dividend increase, reflecting a commitment to returning value to shareholders.
TRS Rentelco rental revenue grew by an impressive 13% in the fourth quarter, indicating strong demand in the general purpose and communication segments.
The Enviroplex business experienced a very strong fourth quarter and full year, with healthy education demand and high gross margins.

Negative

Sales of new modular units were down in the fourth quarter and for the full year due to a challenging non-residential construction market.
Portable storage faced a very competitive market, leading to a 3% decrease in adjusted EBITDA for this segment.
Average fleet utilization for Mobile Modular decreased to 71.3% from 76% a year earlier, indicating a challenging demand environment.
The company started 2026 with lower utilization in the Mobile Modular segment, reflecting ongoing market uncertainties.
The non-residential construction market remains soft, with no expected meaningful improvement in the environment for 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MGRC.OQ - McGrath RentCorp
Q4 2025 McGrath RentCorp Earnings Call
Feb 25, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to the McCrath Rank Corp 4th quarter 2025 earnings call.

At this time, all conference participants are in a listen-only mode.

Later, we will conduct a question-and-answer session.

At that time, if you have a question, you will need to press the star key followed by the one key on your telephone.

This conference call is being recorded today, Wednesday, February 25, 2026.

Before we begin, note that the matters the company management will be discussing today.

That are not statements of historical facts or forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1,995, including statements

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