Sunbelt Rentals Q1 revenue, profit beat estimates, lifts 2027 outlook

Sunbelt Rentals Holdings

09/09/2026 12:10

Overview
US equipment rental provider's fiscal Q1 revenue rose 11%, beating analyst expectations
Adjusted EPS and adjusted EBITDA for fiscal Q1 beat analyst expectations
Company raised full-year fiscal 2027 guidance following strong Q1 performance

Outlook
Sunbelt Rentals raises full-year 2027 total revenue growth outlook to 6%-9%
Company now sees full-year rental revenue growth of 7%-10%
Company expects adjusted EBITDA for fiscal 2027 between $4.92 bln and $5.12 bln

Result Drivers
SPECIALTY SEGMENT GROWTH - North America Specialty segment rental revenue rose 25%, supported by strong demand and the acquisition of Reliant Asset Management (Aries brand)
EVENT-DRIVEN DEMAND - FIFA World Cup contributed about 250 basis points to rental revenue growth, highlighting demand for complex event rentals
BROAD END-MARKET DEMAND - Growth was geographically broad and spanned diverse end markets, including mega projects, energy, live events, industrial, and non-construction MRO

Company press release: ID:nBwXg2na

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.12 bln
$3 bln (7 Analysts)
Q1 Adjusted EPS
Beat
$1.18
$1.04 (8 Analysts)
Q1 EPS
 
$1.07
 
Q1 Net Income
 
$438 mln
 
Q1 Adjusted EBITDA
Beat
$1.32 bln
$1.25 bln (6 Analysts)
Q1 EBIT
 
$691 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Sunbelt Rentals Holdings Inc is $86.50, about 24.8% above its September 8 closing price of $69.32
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Sept 8 - Facilities management firm ABM Industries' Q3 adj EPS beats on lower costs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)