Exhibit 99.1

Contact

Keith E. Pratt

EVP & Chief Financial Officer

925-606-9200

PRESS RELEASE

FOR RELEASE February 25, 2026

McGrath Announces Results for Fourth Quarter 2025

and Announces 35th Annual Dividend Increase

Livermore, CA - February 25, 2026 – McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended December 31, 2025 of $256.8 million, an increase of 5% compared to the fourth quarter of 2024. The Company reported net income of $49.8 million, or $2.02 per diluted share, for the fourth quarter of 2025, compared to net income of $38.9 million, or $1.58 per diluted share, for the fourth quarter of 2024.

Total revenues for the full year ended December 31, 2025 increased to $944.2 million, an increase of 4%, from $910.9 million in 2024, with adjusted EBITDA increasing $10.7 million, or 3%, to $362.5 million. Net income for the year ended December 31, 2025 was $156.3 million, or $6.35 per diluted share, compared to $231.7 million, or $9.43 per diluted share, in 2024. Excluding the $180.0 million merger termination payment received from WillScot Mobile Mini in 2024 and $63.2 million in transaction costs incurred, net of provision for income taxes, the Company's reported full year 2025 net income increased $10.9 million, or 7%, and diluted earnings per share increased $0.43, or 7%.

The Company also announced that the board of directors declared a cash dividend of $0.495 per share for the upcoming quarter ending March 31, 2026, a quarterly increase of $0.01, or 2%, over the prior year period. The cash dividend will be payable on April 30, 2026 to all shareholders of record on April 16, 2026. This marks 35 consecutive years the Company has increased its annual dividend.

Fourth QUARTER 2025 YEAR-OVER-YEAR Company HIGHLIGHTS:

•

Rental operations revenues increased 6% to $170.0 million.

•

Sales revenues increased 5% to $84.4 million.

•

Total revenues increased 5% to $256.8 million.

•

Income from operations increased 18% to $74.2 million.

•

Adjusted EBITDA1 increased 14% to $104.9 million.

•

Dividend rate of $0.485 per share for the fourth quarter 2025. On an annualized basis, this dividend represents a 1.7% yield on the February 24, 2026 close price of $114.48 per share.

Joe Hanna, President and CEO of McGrath, made the following comments:

“We were pleased with our strong fourth quarter results. The 5% increase in companywide revenues and 14% increase in Adjusted EBITDA were driven by Mobile Modular and TRS-RenTelco.

Modular rental revenues increased 2% compared to last year, with growth driven by our commercial customer base. We continued to make progress with our long-term modular growth initiatives, Mobile Modular Plus and Site Related Services, and broadening our geographic coverage. Used equipment sales and Site Related Services contributed to higher gross profit for the quarter.

Portable Storage rental revenues grew 3%, benefiting from some incremental seasonal retail business. Commercial construction project activity remained soft, but we are hopeful that market demand conditions for this segment are showing signs of stabilization.

TRS-RenTelco had an impressive quarter, as improved market conditions supported rental revenue growth of 13% over last year and strong used equipment sales. Demand was robust throughout the quarter, with a very modest seasonal slowdown at year end.

I appreciate the deep commitment, engagement and execution from our McGrath team members to deliver solid results for the year despite challenging non-residential construction demand conditions faced by our Modular and Portable Storage businesses. These results demonstrate the resilience of our people and our strategy. I am encouraged by our start to 2026 and confident that our teams are very focused on building on last year’s progress.”

Division HIGHLIGHTS:

All comparisons presented below are for the quarter ended December 31, 2025 to the quarter ended December 31, 2024 unless otherwise indicated.

Mobile Modular

For the fourth quarter of 2025, the Company’s Mobile Modular division reported Adjusted EBITDA of $68.7 million, an increase of $7.7 million, or 13%, when compared to the same quarter in 2024.

•

Rental revenues increased 2% to $83.3 million, depreciation expense increased 7% to $11.1 million, and other direct costs increased 3% to $19.1 million, which resulted in a comparable gross profit on rental revenues of $53.1 million.

•

Rental related services revenues increased 10% to $35.5 million, primarily attributable to higher site related services and repair revenues, with associated gross profit increasing 23% to $14.2 million.

•

Sales revenues decreased 1% to $55.4 million, due to lower new equipment sales, partly offset by higher used equipment sales. Gross margin on sales was 34% in 2025 compared to 26% in 2024, resulting in a 32% increase in gross profit on sales revenues to $18.8 million. The higher gross margin on sales was primarily attributed to a higher mix of used versus new sales during the quarter.

•

Selling and administrative expenses decreased $0.6 million to $36.7 million, when compared to the prior year.

Portable storage

For the fourth quarter of 2025, the Company’s Portable Storage division reported Adjusted EBITDA of $9.6 million, a decrease of $0.3 million, or 3%, when compared to the same quarter in 2024.

•

Rental revenues increased 3% to $17.3 million, depreciation expense increased 6% to $1.1 million, and other direct costs increased 16% to $1.7 million, which resulted in an increase in gross profit on rental revenues of 2% to $14.5 million.

•

Rental related services revenues increased 8% to $4.2 million, primarily attributable to higher delivery and return delivery activities, with gross loss increasing $0.4 million to $0.5 million in 2025.

•

Sales revenues increased $0.3 million to $2.1 million, primarily from higher used equipment sales. Gross margin on sales was 37% compared to 36% in 2024, resulting in a 24% increase in gross profit on sales revenues to $0.8 million.

•

Selling and administrative expenses increased $0.2 million to $7.6 million, when compared to the prior year.

TRS-RenTelco

For the fourth quarter of 2025, the Company’s TRS-RenTelco division reported Adjusted EBITDA of $23.1 million, an increase of 21%, when compared to the same quarter in 2024.

•

Rental revenues increased 13% to $28.7 million, depreciation expense decreased 4%, and other direct costs increased 22%, resulting in a 26% increase in gross profit on rental revenues to $12.7 million. The rental revenue increase was primarily due to strengthened end markets, resulting in higher average rental equipment on rent and higher average monthly rental rates when compared to the prior year.

•

Sales revenues increased 42% to $10.3 million and gross profit on sales revenues increased 58% to $6.6 million.

•

Selling and administrative expenses increased 12%, to $7.7 million, when compared to the prior year.

financial outlook:

For the full-year 2026, the Company expects:


		2026 Outlook	2025 Actual
•	Total revenue:	$945 to $995 million	$944 million
•	Adjusted EBITDA1, 2:	$360 to $378 million	$362 million
•	Gross rental equipment capital expenditures:	$180 to $200 million	$143 million

Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation, amortization, non-cash impairment costs, share-based compensation, transaction costs and non-operating transactions. A reconciliation of actual net income to Adjusted EBITDA and Adjusted EBITDA to net cash provided by operating activities can be found at the end of this release.

Information reconciling forward-looking Adjusted EBITDA to the comparable GAAP financial measures is unavailable to the Company without unreasonable effort because certain items required for such reconciliations are outside of the Company’s control and/or cannot be reasonably predicted, such as the provision for income taxes. Therefore, no reconciliation to the most comparable GAAP measures is provided. The Company provides Adjusted EBITDA guidance because it believes that Adjusted EBITDA, when viewed with the Company’s results under GAAP, provides useful information for the reasons noted in the reconciliation of actual Adjusted EBITDA to the most directly comparable GAAP measures at the end of this release.

ABOUT MCGRATH:

McGrath RentCorp (Nasdaq: MGRC) is a leading business-to-business rental company in North America with a strong record of profitable business growth. Founded in 1979, McGrath’s operations are centered on modular solutions through its Mobile Modular and Mobile Modular Portable Storage businesses. In addition, its TRS-RenTelco business offers electronic test equipment rental solutions. The Company’s rental product offerings and services are part of the circular supply economy, helping customers work more efficiently, and sustainably manage their environmental footprint. With over 45 years of experience, McGrath’s success is driven by a focus on exceptional customer experiences. This focus has underpinned the Company’s long-term financial success and supported 35 consecutive years of annual dividend increases to shareholders, a rare distinction among publicly listed companies.

McGrath is headquartered in Livermore, California. Additional information about McGrath and its businesses is available at mgrc.com and investors.mgrc.com.

You should read this press release in conjunction with the financial statements and notes thereto included in the Company’s latest Forms 10-K, 10-Q and other SEC filings. You can visit the Company’s web site at www.mgrc.com to access information on McGrath RentCorp, including the latest Forms 10-K, 10-Q and other SEC filings.

Conference Call Note:

As previously announced in its press release of January 16, 2026, McGrath RentCorp will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on February 25, 2026 to discuss the fourth quarter 2025 results. To participate in the teleconference, dial 1-800-274-8461 (in the U.S.), or 1-203-518-9814 (outside the U.S.), or to listen only, access the simultaneous webcast at the investor relations section of the Company’s website at https://investors.mgrc.com/. A replay will be available for 7 days following the call by dialing 1-800-839-5152 (in the U.S.), or 1-402-220-2694 (outside the U.S.). In addition, a live audio webcast and replay of the call may be found in the investor relations section of the Company’s website at https://investors.mgrc.com/events-and-presentations.

FORWARD-LOOKING STATEMENTS:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath RentCorp’s expectations, strategies, prospects or targets are forward-looking statements. These forward-looking statements also can be identified by the use of forward-looking terminology such as “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “plan,” “predict,” “project,” or “will,” or the negative of these terms or other comparable terminology. In particular, the discussion under the heading “Financial Outlook” and Mr. Hanna’s comments about the commercial construction market project activity showing signs of stabilization and the team’s ability to build upon 2025’s progress, are forward looking.

These forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties that could cause our actual results to differ materially from those projected including: our expectations around continued

business momentum entering 2026; the continued impact of tariff actions and macroeconomic factors, including fiscal policy uncertainty, government budgetary constraints, or other political or regulatory developments; health of the education and commercial markets in our modular building division; competition within the modular business; the activity levels in the semiconductor and general purpose and communications test equipment markets at TRS-RenTelco; the activity levels in commercial construction projects and impact on Portable Storage segment; continued execution of our strategic performance improvement initiatives; our ability to successfully increase prices to offset cost increases; our ability to effectively manage our rental assets; and our ability to retain and attract talent and uncertainty associated with the Chief Executive Officer transition, as well as the other factors disclosed under “Risk Factors” in the Company’s 2025 Form 10-K and other SEC filings.

Forward-looking statements are made only as of the date hereof and are based on management’s reasonable assumptions, however these assumptions can be wrong or affected by known or unknown risks and uncertainties. No forward-looking statement can be guaranteed, and subsequent facts or circumstances may contradict, obviate, undermine or otherwise fail to support or substantiate such statements. Except as otherwise required by law, we assume no obligation to update any of the forward-looking statements contained in this press release.

MCGRATH RENTCORP

CONSOLIDATED STATEMENTS OF INCOME (AUDITED)


	Three Months Ended December 31,					Twelve Months Ended December 31,
(in thousands, except per share amounts)	2025			2024		2025			2024
Revenues
Rental	$	129,332		$	124,220	$	503,918		$	489,929
Rental related services		40,701			36,858		161,722			148,498
Rental operations		170,033			161,078		665,640			638,427
Sales		84,437			80,298		269,196			262,290
Other		2,290			2,370		9,399			10,225
Total revenues		256,760			243,746		944,235			910,942
Costs and Expenses
Direct costs of rental operations:
Depreciation of rental equipment		22,138			21,755		86,937			88,267
Rental related services		26,814			25,204		112,026			103,419
Other		26,830			24,931		118,309			109,116
Total direct costs of rental operations		75,782			71,890		317,272			300,802
Costs of sales		52,409			57,099		171,987			174,725
Total costs of revenues		128,191			128,989		489,259			475,527
Gross profit		128,569			114,757		454,976			435,415
Expenses:
Selling and administrative expenses		54,401			51,669		211,353			200,432
Other income, net		—			—		—			(9,281	)
Income from operations		74,168			63,088		243,623			244,264
Interest expense		6,492			8,858		30,622			47,241
Foreign currency exchange (gain) loss		(26	)		270		(80	)		215
Gain on merger termination from WillScot Mobile Mini		—			—		—			(180,000	)
WillScot Mobile Mini transaction costs		—			2,002		—			63,159
Income from continuing operations before provision for income taxes		67,702			51,958		213,081			313,649
Provision for income taxes from continuing operations		17,873			13,009		56,773			81,922
Net income	$	49,829		$	38,949	$	156,308		$	231,727
Earnings per share:
Basic	$	2.02		$	1.59	$	6.35		$	9.44
Diluted	$	2.02		$	1.58	$	6.35		$	9.43
Shares used in per share calculation:
Basic		24,612			24,551		24,602			24,541
Diluted		24,647			24,587		24,633			24,570
Cash dividends declared per share	$	0.485		$	0.475	$	1.94		$	1.90

MCGRATH RENTCORP

CONSOLIDATED BALANCE SHEETS

(AUDITED)


	December 31,
(in thousands)	2025			2024
Assets
Cash	$	295		$	807
Accounts receivable, net of allowance for credit losses of $2,866 at December 31, 2025 and 2024		231,865			219,342
Rental equipment, at cost:
Relocatable modular buildings		1,485,794			1,414,367
Portable storage containers		245,141			240,846
Electronic test equipment		337,100			343,982
		2,068,035			1,999,195
Less: accumulated depreciation		(647,137	)		(611,536	)
Rental equipment, net		1,420,898			1,387,659
Property, plant and equipment, net		233,492			197,439
Inventories		8,027			14,304
Prepaid expenses and other assets		83,351			80,477
Intangible assets, net		46,605			54,332
Goodwill		332,584			323,224
Total assets	$	2,357,117		$	2,277,584
Liabilities and Shareholders' Equity
Liabilities:
Notes payable	$	514,924		$	590,208
Accounts payable		66,233			60,082
Accrued liabilities		114,764			113,961
Deferred income		110,593			109,836
Deferred income taxes, net		313,580			280,129
Total liabilities		1,120,094			1,154,216
Shareholders’ equity:
Common stock, no par value - Authorized 40,000 shares
Issued and outstanding - 24,612 shares as of December 31, 2025 and 24,551 shares as of December 31, 2024		121,785			116,253
Retained earnings		1,115,238			1,007,115
Total shareholders’ equity		1,237,023			1,123,368
Total liabilities and shareholders’ equity	$	2,357,117		$	2,277,584

MCGRATH RENTCORP

CONSOLIDATED STATEMENTS OF CASH FLOWS

(AUDITED)


	Twelve Months Ended December 31,
(in thousands)	2025			2024
Cash Flows from Operating Activities:
Net income	$	156,308		$	231,727
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		107,069			107,455
Deferred income taxes (benefits)		33,451			38,574
Provision for credit losses		1,726			1,890
Share-based compensation		11,225			9,502
Gain on sale of property, plant and equipment		—			(9,281	)
Gain on sale of used rental equipment		(44,191	)		(35,085	)
Foreign currency exchange (gain) loss		(80	)		215
Amortization of debt issuance costs		206			66
Change in:
Accounts receivable		(14,249	)		6,136
Inventories		6,277			1,121
Prepaid expenses and other assets		(2,873	)		6,887
Accounts payable		(330	)		11,836
Accrued liabilities		816			4,924
Deferred income		328			(1,592	)
Net cash provided by operating activities		255,683			374,375
Cash Flows from Investing Activities:
Purchases of rental equipment		(142,576	)		(191,231	)
Purchases of property, plant and equipment		(44,380	)		(40,228	)
Cash paid for acquisition of businesses		(23,785	)		—
Proceeds from sales of used rental equipment		83,629			68,453
Proceeds from sales of property, plant and equipment		—			12,251
Net cash used in investing activities		(127,112	)		(150,755	)
Cash Flows from Financing Activities:
Net payments under bank lines of credit		(77,490	)		(172,560	)
Principal payment of term note agreement		(73,000	)		—
Borrowings under Series G senior notes		75,000			—
Taxes paid related to net share settlement of stock awards		(5,693	)		(4,371	)
Payment of dividends		(47,900	)		(46,759	)
Net cash used in financing activities		(129,083	)		(223,690	)
Net decrease in cash		(512	)		(70	)
Cash balance, beginning of period		807			877
Cash balance, end of period	$	295		$	807
Supplemental Disclosure of Cash Flow Information:
Gain on merger termination, net of transaction costs, presented under net cash provided by operating activities	$	—		$	116,841
Interest paid, during the period	$	29,905		$	48,324
Net income taxes paid, during the period	$	10,116		$	36,524
Dividends accrued during the period, not yet paid	$	12,749		$	12,482
Rental equipment acquisitions, not yet paid	$	11,670		$	5,393


MCGRATH RENTCORP
BUSINESS SEGMENT DATA (unaudited)
Three months ended December 31, 2025
(dollar amounts in thousands)	Mobile Modular			Portable Storage			TRS-RenTelco			Enviroplex		Consolidated

Revenues
Rental		83,347			17,286			28,699			—		129,332
Rental related services		35,471			4,241			989			—		40,701
Rental operations		118,818			21,527			29,688			—		170,033
Sales		55,359			2,131			10,310			16,637		84,437
Other		1,576			143			571			—		2,290
Total revenues		175,753			23,801			40,569			16,637		256,760

Costs and Expenses
Direct costs of rental operations:
Depreciation		11,101			1,071			9,966			—		22,138
Rental related services		21,263			4,787			764			—		26,814
Other		19,120			1,726			5,984			—		26,830
Total direct costs of rental operations		51,484			7,584			16,714			—		75,782
Costs of sales		36,575			1,333			3,709			10,792		52,409
Total costs of revenues		88,059			8,917			20,423			10,792		128,191

Gross Profit (Loss)
Rental		53,126			14,489			12,749			—		80,364
Rental related services		14,208			(546	)		225			—		13,887
Rental operations		67,334			13,943			12,974			—		94,251
Sales		18,784			798			6,601			5,845		32,028
Other		1,576			143			571			—		2,290
Total gross profit		87,694			14,884			20,146			5,845		128,569
Selling and administrative expenses		36,656			7,562			7,687			2,496		54,401
Income from operations	$	51,038		$	7,322		$	12,459		$	3,349	$	74,168
Interest expense													6,492
Foreign currency exchange loss													(25	)
Provision for income taxes													17,872
Net income												$	49,829

Other Information
Adjusted EBITDA 1	$	68,684		$	9,637		$	23,122		$	3,453	$	104,896
Average rental equipment 2	$	1,352,525		$	239,317		$	334,719
Average monthly total yield 3		2.05	%		2.41	%		2.86	%
Average utilization 4		71.3	%		61.2	%		64.5	%
Average monthly rental rate 5		2.88	%		3.94	%		4.43	%

1. Adjusted EBITDA is defined as net income before interest expense, provision for income taxes, depreciation, amortization, non-cash impairment costs, share-based compensation, other income, net and non-operating transactions.

2. Average rental equipment represents the cost of rental equipment, excluding new equipment inventory and accessory equipment.

3. Average monthly total yield is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment for the period.

4. Average utilization is calculated by dividing the average month end costs of rental equipment on rent by the average month end total costs of rental equipment.

5. Average monthly rental rate is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment on rent for the period.


MCGRATH RENTCORP
BUSINESS SEGMENT DATA (unaudited)
Three months ended December 31, 2024
(dollar amounts in thousands)	Mobile Modular			Portable Storage			TRS-RenTelco			Enviroplex		Consolidated

Revenues
Rental		82,108			16,713			25,399			—		124,220
Rental related services		32,140			3,933			785			—		36,858
Rental operations		114,248			20,646			26,184			—		161,078
Sales		55,983			1,806			7,270			15,239		80,298
Other		1,598			211			561			—		2,370
Total revenues		171,829			22,663			34,015			15,239		243,746

Costs and Expenses
Direct costs of rental operations:
Depreciation		10,405			1,011			10,339			—		21,755
Rental related services		20,572			4,056			576			—		25,204
Other		18,534			1,493			4,904			—		24,931
Total direct costs of rental operations		49,511			6,560			15,819			—		71,890
Costs of sales		41,705			1,161			3,080			11,153		57,099
Total costs of revenues		91,216			7,721			18,899			11,153		128,989

Gross Profit (Loss)
Rental		53,169			14,209			10,156			—		77,534
Rental related services		11,568			(123	)		209			—		11,654
Rental operations		64,737			14,086			10,365			—		89,188
Sales		14,278			645			4,190			4,086		23,199
Other		1,598			211			561			—		2,370
Total gross profit		80,613			14,942			15,116			4,086		114,757
Selling and administrative expenses		35,789			7,133			6,550			2,197		51,669
Income from operations	$	44,824		$	7,809		$	8,566		$	1,889	$	63,088
Interest expense													8,858
Foreign currency exchange loss													270
Willscot Mobile Mini transaction costs													2,002
Provision for income taxes													13,009
Net income												$	38,949

Other Information
Adjusted EBITDA 1	$	60,994		$	9,922		$	19,099		$	1,987	$	92,002
Average rental equipment 2	$	1,270,068		$	231,332		$	349,018
Average monthly total yield 3		2.15	%		2.41	%		2.43	%
Average utilization 4		76.0	%		61.2	%		59.1	%
Average monthly rental rate 5		2.84	%		3.94	%		4.11	%

2. Average rental equipment represents the cost of rental equipment, excluding new equipment inventory and accessory equipment.

3. Average monthly total yield is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment for the period.

4. Average utilization is calculated by dividing the average month end costs of rental equipment on rent by the average month end total costs of rental equipment.

5. Average monthly rental rate is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment on rent for the period.


MCGRATH RENTCORP
BUSINESS SEGMENT DATA (unaudited)
Twelve months ended December 31, 2025
(dollar amounts in thousands)	Mobile Modular			Portable Storage			TRS-RenTelco			Enviroplex		Consolidated

Revenues
Rental		326,919			67,593			109,406			—		503,918
Rental related services		141,662			16,453			3,607			—		161,722
Rental operations		468,581			84,046			113,013			—		665,640
Sales		170,668			7,779			33,349			57,400		269,196
Other		5,879			989			2,531			—		9,399
Total revenues		645,128			92,814			148,893			57,400		944,235

Costs and Expenses
Direct costs of rental operations:
Depreciation		43,206			4,196			39,535			—		86,937
Rental related services		91,262			17,763			3,001			—		112,026
Other		88,122			7,361			22,826			—		118,309
Total direct costs of rental operations		222,590			29,320			65,362			—		317,272
Costs of sales		113,058			4,842			15,283			38,804		171,987
Total costs of revenues		335,648			34,162			80,645			38,804		489,259

Gross Profit (Loss)
Rental		195,591			56,036			47,045			—		298,672
Rental related services		50,400			(1,310	)		606			—		49,696
Rental operations		245,991			54,726			47,651			—		348,368
Sales		57,610			2,937			18,066			18,596		97,209
Other		5,879			989			2,531			—		9,399
Total gross profit		309,480			58,652			68,248			18,596		454,976
Selling and administrative expenses		142,811			30,575			29,558			8,409		211,353
Income from operations	$	166,669		$	28,077		$	38,690		$	10,187	$	243,623
Interest expense													30,622
Foreign currency exchange loss													(80	)
Provision for income taxes													56,773
Net income												$	156,308

Other Information
Adjusted EBITDA 1	$	233,955		$	37,317		$	80,588		$	10,603	$	362,463
Average rental equipment 2	$	1,316,606		$	236,054		$	334,407
Average monthly total yield 3		2.07	%		2.39	%		2.73	%
Average utilization 4		73.0	%		60.8	%		63.8	%
Average monthly rental rate 5		2.83	%		3.92	%		4.27	%

2. Average rental equipment represents the cost of rental equipment, excluding new equipment inventory and accessory equipment.

3. Average monthly total yield is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment for the period.

4. Average utilization is calculated by dividing the average month end costs of rental equipment on rent by the average month end total costs of rental equipment.

5. Average monthly rental rate is calculated by dividing the averages of monthly rental revenues by the cost of rental equipment on rent for the period.


MCGRATH RENTCORP
BUSINESS SEGMENT DATA (unaudited)
Twelve months ended December 31, 2024
(dollar amounts in thousands)	Mobile Modular			Portable Storage			TRS-RenTelco			Enviroplex		Consolidated

Revenues
Rental		318,149			69,983			101,797			—		489,929
Rental related services		127,589			17,702			3,207			—		148,498
Rental operations		445,738			87,685			105,004			—		638,427
Sales		183,234			5,695			27,531			45,830		262,290
Other		6,394			1,117			2,714			—		10,225
Total revenues		635,366			94,497			135,249			45,830		910,942

Costs and Expenses
Direct costs of rental operations:
Depreciation		40,399			3,982			43,886			—		88,267
Rental related services		83,547			17,267			2,605			—		103,419
Other		83,023			5,816			20,277			—		109,116
Total direct costs of rental operations		206,969			27,065			66,768			—		300,802
Costs of sales		124,886			3,551			12,426			33,862		174,725
Total costs of revenues		331,855			30,616			79,194			33,862		475,527

Gross Profit
Rental		194,727			60,185			37,634			—		292,546
Rental related services		44,042			435			602			—		45,079
Rental operations		238,769			60,620			38,236			—		337,625
Sales		58,348			2,144			15,105			11,968		87,565
Other		6,394			1,117			2,714			-		10,225
Total gross profit		303,511			63,881			56,055			11,968		435,415
Selling and administrative expenses		136,670			29,197			27,000			7,565		200,432
Other income, net		(6,220	)		(1,319	)		(1,742	)		—		(9,281	)
Income from operations	$	173,061		$	36,003		$	30,797		$	4,403	$	244,264
Interest expense													47,241
Foreign currency exchange loss													215

MCGRATH RENTCORP 8-K