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McGrath RentCorp (NASDAQ:MGRC) is one of the 10 best trading and distribution stocks to buy. On February 26, McGrath RentCorp (NASDAQ:MGRC) reported fourth-quarter revenue of $256.8 million compared to the consensus forecasts of $254.3 million. The company, under the leadership of its President and CEO, Joe Hanna, was pleased with the fourth-quarter results, which showed a 5% increase in revenue and a 14% jump in adjusted EBITDA. This was primarily driven by its Mobile Modular and TRS-RenTelco businesses. ...

MGRC's stock price decline presents a potential buying opportunity due to its strong fundamentals and growth potential.The company has a target price of $141.50, suggesting a significant upside from its current levels with a stock price growth potential of 27.53%.MGRC's financial health is highlighted by its robust Piotroski Score of 8, indicating a sound financial position.McGrath RentCorp (NASDAQ:MGRC) is a diversified business-to-business rental company that provides modular buildings, portable storage, ...

分组1 - McGrath (MGRC) reported quarterly earnings of $2.02 per share, exceeding the Zacks Consensus Estimate of $1.74 per share, and showing an increase from $1.58 per share a year ago, resulting in an earnings surprise of +16.31% [1] - The company achieved revenues of $256.76 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.01%, and up from $243.75 million year-over-year [2] - McGrath has outperformed the S&P 500 with a share price increase of about 9.1% since the beginning of the year, compared to the S&P 500's gain of 0.7% [3] 分组2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for McGrath was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - Current consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $199.31 million, and for the current fiscal year, it is $6.62 on revenues of $985.27 million [7] 分组3 - The Financial - Leasing Companies industry, to which McGrath belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Financial Data and Key Metrics Changes - Total company revenues increased by 5% to $257 million in Q4 2025, driven by a 6% increase in rental operations and a 5% increase in sales revenues [15] - Adjusted EBITDA rose by 14% to $105 million compared to the previous year [15] - For the full year 2025, net cash provided by operating activities was $256 million, down from $374 million in the prior year due to the absence of a non-recurring $180 million merger termination payment [20] Business Line Data and Key Metrics Changes - **Mobile Modular**: Rental revenues increased by 2% to $175.8 million, with Adjusted EBITDA up 13% to $68.7 million [15][16] - **Portable Storage**: Rental revenues increased by 3% to $17.3 million, while Adjusted EBITDA decreased by 3% to $9.6 million [17] - **TRS-RenTelco**: Rental revenue grew by 13% to $28.7 million, with total revenues up 19% to $40.6 million and Adjusted EBITDA increasing by 21% to $23.1 million [18] Market Data and Key Metrics Changes - The non-residential construction market remains soft, impacting overall demand [11] - The Architectural Billings Index (ABI) indicates continued uncertainty in the market conditions for non-residential construction [11] Company Strategy and Development Direction - The company plans to focus on geographic expansion and modular growth initiatives as key drivers for performance in 2026 [11][13] - The strategy includes investing in existing markets, expanding into new locations, and pursuing tuck-in acquisitions [12][21] - The company aims to maintain a competitive advantage through its fleet size and modification capabilities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and the ability to execute despite a challenging macroeconomic environment [13][24] - The outlook for 2026 includes expected total revenue between $945 million and $995 million, with Adjusted EBITDA between $360 million and $378 million [20][21] Other Important Information - The company announced its 35th consecutive annual dividend increase [5] - Joe Hanna will retire as CEO effective April 3, 2026, with Phil Hawkins succeeding him [3][4] Q&A Session Summary Question: What could drive performance above guidance this year? - Management noted that the second half of the year typically contributes more to financial performance and emphasized the uncertainty in the macro environment [29][30] Question: What is driving the growth in Mobile Modular Plus and Site Related Services? - Management highlighted the profitability captured through these service offerings and the value seen by customers in having a single provider for multiple services [33][34] Question: What drove the acceleration in TRS rental revenue growth? - The growth was attributed to increased demand in aerospace, defense, and semiconductor sectors, as well as robust activity in the communications fleet [35][36] Question: Will there be any changes in strategic initiatives under new leadership? - Management indicated that there would be no near-term changes to the current strategy, which has been collaboratively developed [41][42] Question: What are the expectations for M&A activity in 2026? - The company continues to have an active M&A pipeline, focusing on geographic expansion opportunities [61][79]

Financial Data and Key Metrics Changes - Total company revenues increased by 5% to $257 million in Q4 2025, with rental operations revenue rising by 6% and sales revenues increasing by 5% [5][16] - Adjusted EBITDA grew by 14% year-over-year to $105 million [5][16] - For the full year 2025, net cash provided by operating activities was $256 million, down from $374 million in the prior year due to the absence of a non-recurring merger termination payment [20][21] Business Line Data and Key Metrics Changes - **Mobile Modular**: Rental revenues increased by 2% to $175.8 million, with Adjusted EBITDA rising by 13% to $68.7 million [16][17] - **Portable Storage**: Rental revenues grew by 3% to $17.3 million, while Adjusted EBITDA decreased by 3% to $9.6 million [18] - **TRS-RenTelco**: Rental revenue surged by 13% to $28.7 million, with total revenues up 19% to $40.6 million and Adjusted EBITDA increasing by 21% to $23.1 million [19][20] Market Data and Key Metrics Changes - The non-residential construction market remains soft, impacting overall demand [11] - The Architectural Billings Index (ABI) indicates continued uncertainty in the modular business environment [11] Company Strategy and Development Direction - The company plans to focus on geographic expansion and modular growth initiatives as key drivers for 2026 [11][12] - The strategy includes investing in existing markets, expanding into new locations, and pursuing tuck-in acquisitions [12][13] - The company aims to maintain a competitive advantage through fleet size and modification capabilities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and leadership team, emphasizing a commitment to long-term shareholder value [14][25] - The outlook for 2026 includes expected total revenue between $945 million and $995 million, with Adjusted EBITDA between $360 million and $378 million [22][24] Other Important Information - The company announced its 35th consecutive annual dividend increase [5] - The effective tax rate for the fourth quarter was 26.4%, compared to 25% a year earlier [20] Q&A Session Summary Question: What could drive results above the guidance range? - Management noted that the second half of the year typically contributes more to financial performance and emphasized the uncertainty in the macro environment [32][33] Question: What drove the growth in Mobile Modular Plus and Site Related Services? - Management highlighted the profitability captured through these service offerings and the value seen by customers in having a single provider for multiple services [36][37] Question: What factors contributed to the acceleration in TRS rental revenue growth? - The growth was driven by demand in aerospace, defense, and semiconductor sectors, as well as robust activity in the communications fleet [38][39] Question: Will there be any changes in strategic initiatives under new leadership? - Management confirmed that there would be no near-term changes to the current strategy, which has been collaboratively developed [44][45] Question: What is the outlook for geographic expansion and acquisitions? - The company continues to have an active M&A pipeline, focusing on geographic areas for potential acquisitions, but timing and valuations remain uncertain [64][84]

Financial Data and Key Metrics Changes - Total company revenues increased by 5% to $257 million in Q4 2025, with rental operations revenue rising by 6% and sales revenues increasing by 5% [6][17] - Adjusted EBITDA rose by 14% to $105 million compared to the previous year [6][17] - For the full year 2025, net cash provided by operating activities was $256 million, down from $374 million in the prior year due to the absence of a non-recurring merger termination payment [22] Business Line Data and Key Metrics Changes - **Mobile Modular**: Rental revenues increased by 2% to $175.8 million, with Adjusted EBITDA up by 13% to $68.7 million. Average fleet utilization was 71.3%, down from 76% a year earlier [7][18] - **Portable Storage**: Rental revenues increased by 3% to $17.3 million, with Adjusted EBITDA at $9.6 million, a decrease of 3% compared to the prior year [19] - **TRS-RenTelco**: Rental revenue grew by 13% to $28.7 million, with total revenues up 19% to $40.6 million. Adjusted EBITDA increased by 21% to $23.1 million, with average utilization rising to 64.5% from 59.1% a year ago [9][20] Market Data and Key Metrics Changes - The non-residential construction market remains soft, impacting overall demand. However, there is ongoing strength in sectors such as aerospace, defense, and data centers, which are contributing positively to TRS [12][40] - The education market is expected to remain stable, with healthy backlogs [12] Company Strategy and Development Direction - The company plans to focus on geographic expansion and modular growth initiatives as key drivers for performance in 2026 [12][14] - There is an emphasis on improving sales effectiveness and expanding into new locations aligned with demand [13][14] - The company remains committed to disciplined capital allocation and strategic focus to build long-term shareholder value [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and the ability to execute despite a challenging operating environment [14][26] - The outlook for 2026 includes expected total revenue between $945 million and $995 million, with Adjusted EBITDA projected between $360 million and $378 million [22][23] Other Important Information - The company announced its 35th consecutive annual dividend increase [6] - The CEO transition is expected to be smooth, with Phil Hawkins succeeding Joe Hanna as CEO [5][11] Q&A Session Summary Question: What could drive performance above guidance this year? - Management noted that the second half of the year typically contributes more to financial performance and emphasized the uncertainty in the macro environment [32][34] Question: What drove the growth in Mobile Modular Plus and Site Related Services? - Management highlighted the value customers see in having a single provider for services, leading to double-digit growth in these areas [38] Question: What factors contributed to the acceleration in TRS rental revenue growth? - Growth was driven by demand in aerospace, defense, and data centers, with minimal seasonal slowdown observed [40][42] Question: Will there be any changes in strategic initiatives under new leadership? - Management indicated that there would be no near-term changes to the current strategy, which has been collaboratively developed [47] Question: What are the expectations for capital expenditures in 2026? - The primary driver for increased CapEx is geographic expansion, with a focus on both new markets and maintaining existing fleet [62] Question: How will revenue and EBITDA growth progress throughout 2026? - Management expects the first half of 2026 to be comparable to the previous year, with potential growth in the second half as new capital is deployed [64][88]

Q4 2025 Quarterly Investor Presentation FEBRUARY 25, 2026 PAGE 1 Safe Harbor Statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath RentCorp's 2026 financial outlook as well as expectations, strategies, prospects or targets are forward-looking statements, including prospects for the Company's next phase of growth and the strategic focus on ...

Debt and Interest Rates - The majority of the company's indebtedness is subject to variable interest rates, with a $265.0 million balance of variable rate debt outstanding as of December 31, 2025, leading to an annual debt service obligation increase of approximately $2.7 million for each 1% rise in interest rates [126]. - The company is exposed to cash flow and fair value risk due to changes in interest rates on its senior notes, with rates of 2.35%, 2.57%, 6.25%, and 5.30% [298]. Market Demand and Competition - Significant reductions or delays in funding to public schools have caused a decline in demand and pricing for modular classroom units, which could negatively impact revenues and profitability [127]. - California is the largest market for classroom rentals, heavily reliant on public funding from state and local facility bond measures; failure to pass these measures could materially affect revenues and operating income [128]. - The company derives a meaningful portion of its revenues from the construction industry, which is subject to fluctuations that could decrease rental revenues and new modular sales revenues [131]. - The company faces strong competition in the modular building and portable storage markets, which may prevent it from raising rental fees or sales prices [143]. - The company faces intense competition in the electronic test equipment rental market, which may affect its ability to meet customer demands [157]. Operational Risks - As of December 31, 2025, 61% of the modular portfolio and 56% of the container portfolio had equipment on rent beyond the original committed term, which could affect financial performance if a significant number of units are returned [147]. - Increases in raw material and labor costs could raise acquisition costs for new modular rental units and repair costs, negatively impacting profitability [148]. - The company is subject to various federal, state, and local laws and regulations, and failure to comply could harm its business and financial condition [133]. - Expansion into new markets may negatively affect operating results due to higher-than-expected costs and compliance risks [141]. - Seasonality in the educational business may lead to adverse consequences for the modular building business, particularly in the timing of revenue recognition [142]. - Warranty costs have historically not been significant, but increased claims could disrupt sales operations and negatively impact revenues and operating income [152]. - TRS-RenTelco's revenues are affected by cyclical downturns in industries using test equipment, which can lead to excess inventory and impairment charges [153]. - Rental activity typically declines in December and January due to holiday closures and inclement weather, impacting quarterly results [154]. Supply Chain and Product Lifespan - Mobile Modular purchased 27% of its modular products from one manufacturer in 2025, indicating a reliance on third-party suppliers [149]. - The estimated useful life of modular products is 18 years with a residual value of 50%, while containers have a useful life of 25 years with a residual value of 62.5% [150]. Economic Conditions - Adverse macroeconomic conditions, including inflation and higher interest rates, could negatively impact the company's business and financial condition [164]. - The company does not currently engage in hedging strategies to mitigate foreign currency exchange rate risks, which could negatively impact financial results [160]. - Less than 10% of the company's revenues come from international operations, but this may increase as the company focuses on international market opportunities [159].

Exhibit 99.1 Contact Keith E. Pratt EVP & Chief Financial Officer 925-606-9200 PRESS RELEASE FOR RELEASE February 25, 2026 McGrath Announces Results for Fourth Quarter 2025 and Announces 35th Annual Dividend Increase Livermore, CA - February 25, 2026 – McGrath RentCorp ("McGrath" or the "Company") (Nasdaq: MGRC), a leading business-to-business rental company in North America, today announced total revenues for the quarter ended December 31, 2025 of $256.8 million, an increase of 5% compared to the fourth qu ...