McGrath: Q1 Earnings Snapshot

Published: 2026-04-29 16:29:10 ET MGRC

Published on 04/29/2026 at 04:29 pm EDT

LIVERMORE, Calif. (AP) — LIVERMORE, Calif. (AP) — McGrath RentCorp (MGRC) on Wednesday reported first-quarter profit of $27 million.

The Livermore, California-based company said it had profit of $1.10 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The business-to-business rental company posted revenue of $198.5 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $196.8 million.

McGrath expects full-year revenue in the range of $945 million to $995 million.

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