McGrath RentCorp Outlines Revenue Guidance for 2026
McGrath RentCorp (NASDAQ: MGRC) has outlined revenue guidance of $955 million to $985 million for the year ending December 31, 2026. The company also announced an increase in gross rental capital expenditures to between $200 million and $220 million during that period. During Q2 2026 earnings call remarks, CEO Philip Hawkins highlighted a 6% year-over-year growth in rental operations revenues. He noted sequential improvements in utilization for both Mobile Modular and TRS-RenTelco segments, while acknowledging lower new equipment sales at Enviroplex.
Tickers: $MGRC
Topics: management_insights rental_operations revenue_growth