Company: MGRC
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-057987
Chunk: 14

Company: MCGRATH RENTCORP
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 1,401 542 8,256
Allocated corporate services 4 11,191 2,122 3,054 - 16,367
Other segment items 5 63 134 61 - 258
Total expenses 33,614 7,809 7,237 1,804 50,464
Other income, net ( 6,220 ( 1,319 ( 1,742 - ( 9,281
Income from operations 34,451 10,613 8,380 ( 1,359 52,085
Interest expense (income) allocation 9,799 1,420 2,062 ( 577 12,704
Foreign currency exchange loss - - 132 - 132
Income before provision for income taxes $ 24,652 9,193 6,186 ( 782 $ 39,249
Reconciliation of Segment Profit (Loss)
Total segment gross profit $ 93,268
Segment operating expenses, net 50,464
Other income, net ( 9,281
Interest expense allocation 12,704
Foreign currency exchange loss 132
WillScot Mobile Mini transaction costs 9,354
Income before provision for income taxes $ 29,895
Other Selected Information
Rental equipment acquisitions $ 59,263 5,128 3,393 - $ 67,784
Accounts receivable, net (period end) $ 166,382 14,117 22,637 8,814 $ 211,950
Rental equipment, at cost (period end) $ 1,345,919 240,517 370,641 $ 1,957,077
Rental equipment, net book value (period end) $ 1,013,965 220,811 133,766 $ 1,368,542
Utilization (period end) 2 78.5 68.8 56.8
Average utilization 2 78.7 69.8 56.5
1.
Gross Enviroplex sales revenues were $ 7,213 and $ 1,719 for the three months ended March 31, 2025 and 2024, respectively. There were no inter-segment sales to Mobile Modular in the three months ended March 31, 2025 and $ 1,845 inter-segment sales to Mobile Modular for the same period in