On September 9, 2026, Sunbelt Rentals Holdings, Inc. reported financial results for the fiscal first quarter ended July 31, 2026, and announced an increase to its full-year fiscal 2027 guidance. The company reported total revenue of $3,115 million, an increase of 11.2% compared to the prior year. Rental revenue reached $2,927 million, a rise of 12.5%.
Operating income for the quarter was $691 million, representing a margin of 22.2%, while adjusted operating profit was $759 million with a margin of 24.4%. Net income was $438 million, and earnings per share increased to $1.07. Adjusted earnings per share were reported at $1.18.
Segment performance included a 7.4% increase in rental revenue for the North America General Tool segment and a 25.3% increase for the North America Specialty segment. The acquisition of Reliant Asset Management (Aries brand), which closed on May 1, 2026, contributed approximately 100 basis points to rental revenue growth. The company also noted that the FIFA World Cup contributed approximately 250 basis points to rental revenue growth.
Regarding capital management, the company completed the offering of $1.2 billion in senior notes in the first quarter. Long-term debt stood at $8,006 million, with net leverage at 1.8x. The company declared a quarterly cash dividend of $0.30 per share, payable on October 2, 2026.
Guidance for fiscal 2027 was updated as follows: total revenue is now expected to grow between 6% and 9%, up from the prior range of 4.5% to 7.5%. Rental revenue is expected to grow between 7% and 10%, up from 5% to 8%. Adjusted EBITDA is projected to be between $4.92 billion and $5.12 billion, up from the prior outlook of $4.85 billion to $5.05 billion.
