Company: MGRC
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248724
Chunk: 14

Company: MCGRATH RENTCORP
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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,952
Interest expense allocation 24,130
Foreign currency exchange gain ( 54
Income before provision for income taxes 145,379
Provision for income taxes 38,900
Net income $ 106,479
Other Selected Information
Rental equipment acquisitions $ 60,654 1,338 32,590 - $ 94,582
Accounts receivable, net (period end) $ 187,777 11,125 25,039 17,405 $ 241,346
Rental equipment, at cost (period end) $ 1,456,049 243,386 338,397 - $ 2,037,832
Rental equipment, net book value (period end) $ 1,077,335 218,256 104,378 - $ 1,399,969
Utilization (period end) 2 71.9 62.1 64.1
Average utilization 2 73.6 60.8 63.5

(dollar amounts in thousands) Mobile Consolidated
Modular
Nine Months Ended September 30,
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2024
Revenues
Rental revenues $ 236,040 53,270 76,398 - $ 365,708
Rental related services revenues 95,450 13,768 2,422 - 111,640
Sales 127,251 3,889 20,261 30,591 181,992
Other 4,795 907 2,153 - 7,855
Total revenues 463,536 71,835 101,234 30,591 667,195
Costs of Revenues
Depreciation of rental equipment 29,994 2,971 33,547 - 66,512
Rental related services 62,974 13,212 2,029 - 78,215
Other 64,487 4,322 15,373 - 84,182
Costs of sales 83,180 2,390 9,346 22,709 117,625
Total costs of revenues 240,635 22,895 60,295 22,709 346,534
Gross profit 222,901 48,939 40,939 7,882