Sunbelt Rentals Q4 2026: Revenue Beat but Profits Drop 31%
As seen on the 24/7 Wall St. homepage on June 23, 2026.
Sunbelt Rentals posted 0.74 EPS against a revenue beat of 4.4%, but profits fell 31% on restructuring costs from its NYSE listing and the $650 million Reliant Asset Management acquisition. The rental equipment specialist is doubling down with a new $1.5 billion buyback program and guiding 5% to 8% rental revenue growth in fiscal 2027, banking on continued mega project momentum in its high-growth specialty segment.
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Sunbelt Rentals cleared the revenue bar by 4.4% in Q4 2026, reporting $2.754 billion against an estimate of roughly $2.637 billion, but earnings per share of $0.74 came in about 3.2% below the consensus estimate of $0.76. The bottom-line miss traces directly to two large one-time charges: restructuring costs tied to the company's NYSE listing and the $650 million acquisition of Reliant Asset Management, which together pushed net profits down 31%.
Neither event appears to have rattled management's longer-term confidence. Sunbelt announced a new $1.5 billion share buyback program alongside fiscal 2027 guidance calling for rental revenue growth of 5% to 8%. The company is specifically pointing to its specialty segment — which serves large-scale infrastructure and industrial projects — as a key driver of that outlook.
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For investors, the central question is whether the restructuring drag is genuinely behind the company now that the NYSE listing and Reliant integration costs have been absorbed. The buyback authorization and the forward guidance range suggest management believes the business is on firmer footing heading into fiscal 2027.
Mentioned: SUNB