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SUNB — Sunbelt Rentals Holdings News Story

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Sunbelt Rentals rises on upbeat Q1 results, full-year guidance boost

BUZZ-Sunbelt Rentals rises on upbeat Q1 results, full-year guidance boost

** Shares of equipment rental firm Sunbelt Rentals SUNB.N rise 3.7% to $71.85 premarket

** Co raises full-year total revenue growth guidance to between 6% and 9%, up from 4.5%-7.5% previously

** Expects fiscal 2027 adjusted EBITDA between $4.92 billion and $5.12 billion, up from prior forecast of $4.85 billion-$5.05 billion

** Co reports Q1 adjusted profit of $1.18 per share, beating analysts' estimate of $1.04 per share — LSEG-compiled data

** Reports Q1 revenue $3.12 billion vs analysts' estimate of $2.99 billion

** Nine of 14 brokerages rate the stock "buy" or above, three "hold" and two "sell"; their median PT is $86.50 — data compiled by LSEG

** As of last close, stock down 6.4% YTD


(Reporting by Miraanta Lowrance in Bengaluru)

((miraanta.lowrance@thomsonreuters.com))

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