Company: MGRC
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248724
Chunk: 15

Company: MCGRATH RENTCORP
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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320,661
Significant Segment Expenses 3
Wages and benefits 42,759 10,393 7,862 3,429 64,443
Depreciation and amortization 10,165 1,104 80 285 11,634
Marketing and administrative expenses 13,056 4,609 4,205 1,655 23,525
Allocated corporate services 4 34,262 5,483 8,079 - 47,824
Other segment items 5 640 475 224 - 1,339
Total expenses 100,882 22,064 20,450 5,368 148,764
Other income, net ( 6,220 ( 1,319 ( 1,742 - ( 9,281
Income from operations 128,239 28,194 22,231 2,514 181,178
Interest expense (income) allocation 29,951 4,255 6,070 ( 1,893 38,383
Foreign currency exchange gain - - ( 53 - ( 53
Income before provision for income taxes 98,288 23,939 16,214 4,407 142,848
Provision for income taxes 25,850 6,296 4,264 1,159 37,569
Net income $ 72,438 17,643 11,950 3,248 $ 105,279
Reconciliation of Segment Profit
Total segment gross profit $ 320,661
Segment operating expenses, net 148,764
Other income, net ( 9,281
Interest expense allocation 38,383
Foreign currency exchange loss ( 53
Gain on merger termination from WillScot Mobile Mini 6 ( 180,000
WillScot Mobile Mini transaction costs 6 61,157
Income before provision for income taxes 261,691
Provision for income taxes 68,913
Net income $ 192,778
Other Selected Information
Rental equipment acquisitions $ 129,837 7,818 16,295 - $ 153,950
Accounts receivable, net (period end) $ 182,617 10,481 19,642 11,789 $ 224,529
Rental equipment, at cost (period end) $ 1,398,475 241,620