McGrath RentCorp (Nasdaq: MGRC), a prominent business-to-business rental company in North America, reported its financial results for the second quarter of 2025, showing a total revenue of $235.6 million. This marks an 11% increase compared to the same quarter in 2024. The company achieved a net income of $36.0 million, or $1.46 per diluted share, up from $20.6 million, or $0.84 per diluted share, in the second quarter of the previous year. Rental operations revenues rose by 5% to $163.5 million, while sales revenues saw a significant increase of 28%, reaching $69.8 million. Income from operations also grew by 5% to $57.2 million, and Adjusted EBITDA increased by 3% to $86.5 million. In the TRS-RenTelco division, Adjusted EBITDA increased by 7% to $19.3 million. The division recorded a 7% rise in rental revenues to $27.1 million, contributing to a 32% increase in gross profit on rental revenues. Sales revenues for this division surged by 32% to $7.7 million, though the gross margin on sales slightly decreased from 54% to 47%, resulting in a 16% rise in gross profit on sales revenues. Looking ahead, McGrath RentCorp has updated its financial outlook for the full year 2025. The company now expects total revenue to be in the range of $925 to $960 million, up from a previous range of $920 to $960 million. Adjusted EBITDA is anticipated to be between $347 and $356 million, an increase from the earlier guidance of $343 to $355 million. Gross rental equipment capital expenditures are projected to remain between $115 and $125 million.