Company: MGRC
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-057987
Chunk: 13

Company: MCGRATH RENTCORP
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Rental equipment acquisitions $ 4,400 $ 357 4,822 - 9,579
Accounts receivable, net (period end) $ 159,672 $ 10,397 22,388 16,425 208,882
Rental equipment, at cost (period end) $ 1,414,535 $ 240,348 334,110 1,988,993
Rental equipment, net book value (period end) $ 1,051,635 $ 217,060 100,608 1,369,303
Utilization (period end) 2 74.3 61.0 64.9
Average utilization 2 74.6 60.2 61.6

(dollar amounts in thousands) Mobile Consolidated
Modular
Three Months Ended March 31,
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2024
Revenues
Rental revenues $ 76,496 18,407 25,429 - $ 120,332
Rental related services revenues 24,133 4,723 724 - 29,580
Sales 25,326 1,212 6,812 1,719 35,069
Other 1,630 418 798 - 2,846
Total revenues 127,585 24,760 33,763 1,719 187,827
Costs of Revenues
Depreciation of rental equipment 9,874 965 11,527 - 22,366
Rental related services 15,780 4,456 550 - 20,786
Other 22,673 1,468 4,869 - 29,010
Costs of sales 17,413 768 2,942 1,274 22,397
Total costs of revenues 65,740 7,657 19,888 1,274 94,559
Gross profit 61,845 17,103 13,875 445 93,268
Significant Segment Expenses 3
Wages and benefits 14,262 3,516 2,695 1,165 21,638
Depreciation and amortization 3,380 442 26 97 3,945
Marketing and administrative expenses 4,718 1,595