McGrath RentCorp Q2 FY26 net income drops 6% to $33.7 million; revenue falls 6% to $221.1 million

Reuters2026/07/29 20:03

By:Reuters

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McGrath RentCorp posted Q2 2026 net income of $33.7 million, down 6%, with diluted EPS of $1.37, down from the prior-year quarter.
Revenue fell 6% to $221.1 million, as sales revenue dropped 34% to $46.4 million despite a 6% rise in rental operations revenue to $172.5 million.
Operating income decreased 7% to $53.3 million; management attributed the profit decline primarily to lower gross profit on sales revenue.
Non-GAAP adjusted EBITDA slipped 4% to $82.8 million, while other income rose $1.8 million on the sale of a corporate property.
Full-year 2026 outlook tightened: revenue $955 million-$985 million, non-GAAP adjusted EBITDA $363 million-$375 million; gross rental equipment capex lifted to $200 million-$220 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McGrath RentCorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-323611), on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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McGrath RentCorp Q2 FY26 net income drops 6% to $33.7 million; revenue falls 6% to $221.1 million

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