McGrath RentCorp reported solid Q1 earnings with revenue and adjusted EBITDA projections for 2025

From Nasdaq MarketSite: 2025-04-24 18:08:00

McGrath RentCorp reported solid Q1 2025 results, with revenue between $920 million and $960 million and adjusted EBITDA between $343 million and $355 million for the full year 2025. TRS-RenTelco saw improvements in Q1 2025, with rental revenue increasing slightly. Portable storage rental revenues declined 13%, reflecting ongoing commercial softness. Management noted an active M&A pipeline for potential opportunities in 2025. Mobile Modular Plus and site-related services performed well, offsetting lower units on rent. McGrath RentCorp is cautious about economic uncertainty impacting the second half of 2025. Rental equipment capital expenditures projected between $115 million and $125 million for 2025. McGrath RentCorp is focused on expanding geographically and growing revenue through acquisitions and organic growth initiatives. Management expressed optimism about talent acquisition and growth opportunities in the market.



Read more at Nasdaq MarketSite: McGrath (MGRC) Q1 2025 Earnings Call