McGrath RentCorp Q2 FY26 net income drops 6% to $33.7 million; revenue falls 6% to $221.1 million - MGRC News | RalliesMcGrath RentCorp Q2 FY26 net income drops 6% to $33.7 million; revenue falls 6% to $221.1 million
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MGRC• Q2 results and outlook
- 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.
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