Financial Performance - Total revenues reached $195.4 million, a 4% increase year-over-year[32, 34] - Adjusted EBITDA was $74.5 million, up 3% compared to the previous year[32, 34] - Mobile Modular's Q1 2025 revenues totaled $132 million[16, 59] - Portable Storage generated $21 million in quarterly revenues[19, 91] - TRS-RenTelco's quarterly revenues amounted to $35 million[22] Segment Analysis - Mobile Modular rental revenues increased by 3% in Q1 2025[37] - Portable Storage rental revenues decreased by 13% in Q1 2025[31, 39] - TRS-RenTelco rental revenues remained flat, showing the first increase since Q1 2023[31, 41] Mobile Modular Highlights - Mobile Modular's revenue per unit on rent increased by 8%, and revenue per new unit shipped increased by 12% on an LTM basis[32, 79, 80] - Mobile Modular's adjusted EBITDA increased by 10%[45] Outlook - The company revised its 2025 total revenue outlook to $920 million - $960 million[51] - The company revised its 2025 Adjusted EBITDA outlook to $343 million - $355 million[51]
McGrath Rentp(MGRC) - 2025 Q1 - Earnings Call Presentation