Mcgrath Rentcorp (MGRC) risk factors
Item 1A of every Mcgrath Rentcorp 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors40 risks4 new2 dropped9 reworded
CEO transition announced with COO Philip Hawkins replacing Joseph Hanna in April 2026. Concentration risk increased as one manufacturer supplied 27% of modular products in 2025 compared to 18% in 2024. Environmental liabilities, construction industry fluctuations, and pricing pressure from competitors were added as new risks.
Filed Feb 25, 2026 - FY2024 10-K risk factors38 risks
Risk section is dominated by operational exposures in modular buildings, portable storage, and electronic test equipment rentals. Key vulnerabilities include public school funding cuts, variable interest rates without hedges, and California seismic activity. Asset management risks involve equipment residual values, redeployment speeds, and raw material inflation.
Filed Feb 19, 2025