Company: MGRC
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-057987
Chunk: 12

Company: MCGRATH RENTCORP
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
 Storage
Modular
Three Months Ended March 31,
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
2025
Revenues
Rental revenues $ 78,496 $ 16,074 25,543 - 120,113
Rental related services revenues 29,475 3,631 810 - 33,916
Sales 22,490 1,244 7,979 7,213 38,926
Other 1,458 316 687 - 2,461
Total revenues 131,919 21,265 35,019 7,213 195,416
Costs of Revenues
Depreciation of rental equipment 10,554 1,031 9,920 - 21,505
Rental related services 19,740 3,933 640 - 24,313
Other 20,812 1,527 5,313 - 27,652
Costs of sales 15,345 831 4,271 5,063 25,510
Total costs of revenues 66,451 7,322 20,144 5,063 98,980
Gross profit 65,468 13,943 14,875 2,150 96,436
Significant Segment Expenses 3
Wages and benefits 14,110 3,524 2,899 1,196 21,729
Depreciation and amortization 3,531 357 26 102 4,016
Marketing and administrative expenses 4,666 1,640 1,303 590 8,199
Allocated corporate services 4 11,554 1,864 3,146 - 16,564
Other segment items 5 127 170 64 - 361
Total expenses 33,988 7,555 7,438 1,888 50,869
Income from operations 31,480 6,388 7,437 262 45,567
Interest expense (income) allocation 6,505 971 1,277 ( 595 8,158
Foreign currency exchange gain - - ( 5 - ( 5
Income before provision for income taxes $ 24,975 $ 5,417 6,165 857 37,414
Other Selected Information