McGrath RentCorp: revenue and EBITDA rise, annual EBITDA guidance held
According to TradingView, McGrath RentCorp's third-quarter revenue rose 7% and adjusted EBITDA 10%, while the midpoint of 2026 EBITDA guidance was kept.
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what happened
According to TradingView, McGrath RentCorp's third-quarter revenue rose 7% and adjusted EBITDA rose 10%. The main drivers were rental growth and strong demand for TRS. The midpoint of 2026 EBITDA guidance was unchanged, but revenue expectations were lowered because modular sales were weaker. The company is also raising capital spending on its rental fleet to fund growth.
why it matters
Investors should note two points: rental growth and TRS demand offset weaker modular sales, and higher fleet spending signals a bet on further expansion. Lower revenue expectations alongside unchanged EBITDA guidance are worth watching in the company's next reports.
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sources
- MGRC: Rental growth and TRS demand offset softer modular sales; fleet investment rises — TradingView, 28 October 2026 at 23:52 UTC
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