Company Overview - McGrath RentCorp's total revenue for 2024 was $911 million [9] - Adjusted EBITDA for 2024 was $352 million [9] - The company has a shareholder return CAGR of 16% based on 1984 IPO through 12/31/24 [9] - 99% of total revenues are from North America [9] Business Segment Performance (2024) - Mobile Modular accounted for 67% of total revenues and 75% of total Adjusted EBITDA [11] - Portable Storage accounted for 12% of total revenues and 10% of total Adjusted EBITDA [11] - TRS-RenTelco accounted for 21% of total revenues and 15% of total Adjusted EBITDA [11] Q3 2025 Highlights - Total revenues decreased by 4% to $256.4 million [31] - Adjusted EBITDA decreased by 7% to $96.4 million [31] - Rental Operations revenues increased 4% to $178.1 million [31] - TRS-RenTelco rental revenues increased 9% [30] 2025 Financial Outlook - Total Revenues are projected to be between $935 million and $955 million [47] - Adjusted EBITDA is projected to be between $350 million and $357 million [47] - Gross Rental Equipment Capital Expenditures are projected to be between $120 million and $125 million [47]

Company Overview - McGrath RentCorp's total revenue reached $911 million in 2024[10] - The company's adjusted EBITDA for 2024 was $352 million[10] - McGrath RentCorp has a shareholder return CAGR of 16% based on 1984 IPO through 12/31/24[10, 11] - The company has increased dividends for 34 consecutive years[10, 25, 118] - 99% of total revenues are from North America[10] Business Segment Performance (2024) - Mobile Modular contributed 75% of total revenues and 67% of adjusted EBITDA[13] - Portable Storage accounted for 10% of total revenues and 12% of adjusted EBITDA[13] - TRS-RenTelco represented 15% of total revenues and 21% of adjusted EBITDA[13] Q2 2025 Highlights - Total revenues for Q2 2025 were $2356 million, an increase of 11% year-over-year[33, 34] - Adjusted EBITDA for Q2 2025 was $865 million, a 3% increase year-over-year[33, 34] - Mobile Modular's total revenues increased by 8%[32] - Portable Storage rental revenues increased 5% sequentially, but decreased 5% year-over-year[32, 38] - TRS-RenTelco rental revenues increased 7%[32, 40]