Sunbelt Rentals Holdings, Inc. (NYSE:SUNB) posted first‑quarter fiscal 2027 results that surpassed market expectations. Adjusted earnings per share were $1.18 and total revenue reached $3.12 billion, representing an 11.2% year‑over‑year increase. Rental revenue climbed 12.5% to $2.93 billion, driven by a 25.3% rise in the North America Specialty segment and a 7.4% increase in the North America General Tool segment. Adjusted EBITDA rose 8.7% to $1.32 billion, though the EBITDA margin narrowed to 42.2% from 43.2% in the prior year period. Net income grew 17.4% to $438 million, and earnings per share jumped 23.0% to $1.07. Following the strong performance, the company raised its full‑year fiscal 2027 guidance, now expecting total revenue growth of 6% to 9% (up from 4.5%‑7.5%) and rental revenue growth of 7% to 10% (up from 5%‑8%). Adjusted EBITDA guidance was increased to a range of $4.92 billion to $5.12 billion, compared with the previous $4.85 billion to $5.05 billion, with the midpoint rising $70 million to $5.02 billion. The Board of Directors declared a quarterly cash dividend of $0.30 per share, payable on October 2, 2026. Shares rose 3.39% in pre‑market trading after the release. CEO Brendan Horgan credited the team’s execution, customer focus, technology platform, and scale for delivering the record first‑quarter results.
Sunbelt Rentals Q1 Revenue Beats, Raises Guidance
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