Company: MGRC
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0000950170-25-098322
Chunk: 14

Company: MCGRATH RENTCORP
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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6,758 801 53 193 7,805
Marketing and administrative expenses 8,829 3,058 2,732 1,038 15,657
Allocated corporate services 4 22,620 4,082 5,796 - 32,498
Other segment items 5 446 299 32 - 777
Total expenses 66,854 15,275 13,823 3,515 99,467
Other income, net ( 6,220 ( 1,319 ( 1,742 - ( 9,281
Income from operations 72,499 19,450 14,765 ( 215 106,497
Interest expense (income) allocation 19,971 2,867 4,121 ( 1,218 25,741
Foreign currency exchange loss - - 163 - 163
Income before provision for income taxes $ 52,528 16,583 10,481 1,003 $ 80,593
Reconciliation of Segment Profit (Loss)
Total segment gross profit $ 196,683
Segment operating expenses, net 99,467
Other income, net ( 9,281
Interest expense allocation 25,741
Foreign currency exchange loss 163
WillScot Mobile Mini transaction costs 6 21,721
Income before provision for income taxes $ 58,872
Other Selected Information
Rental equipment acquisitions $ 118,300 7,403 10,623 - $ 136,326
Accounts receivable, net (period end) $ 170,966 12,231 20,333 13,849 $ 217,379
Rental equipment, at cost (period end) $ 1,398,475 242,107 368,324 $ 2,008,906
Rental equipment, net book value (period end) $ 1,058,041 221,486 127,795 $ 1,407,322
Utilization (period end) 2 78.1 64.5 55.8
Average utilization 2 78.6 67.8 56.4
1.
Gross Enviroplex sales revenues were $ 27,079 and $ 13,093 for the six months ended June 30, 2025 and 2024, respectively. There were no inter-segment sales to Mobile