Sunbelt Rental Shares Gain on Higher Outlook, Solid Demand Forecast

By Connor Hart

Shares of Sunbelt Rental Holdings climbed after the company raised its outlook, saying it expects strong demand trends to continue throughout the remainder of the year.

The stock rose 9.4% to $75.81 Wednesday. Shares have edged 3% higher year to date.

The provider of rental equipment and services before the bell said it now expects adjusted earnings before interest, taxes, depreciation and amortization of $4.92 billion to $5.12 billion for the year, up from a prior forecast of $4.85 billion to $5.05 billion.

Total revenue is now projected to grow 6% to 9% from last year, compared with a previous outlook of 4.5% to 7.5%.

Analysts polled by FactSet were looking for adjusted Ebitda of $4.96 billion on total revenue of $11.95 billion, equivalent to 6.7% year-over-year growth.

Chief Executive Brendan Horgan said Sunbelt Rental is seeing strong momentum, and that its higher outlook signals the company's confidence in the underlying supply and demand landscape.

Sunbelt Rental during the latest quarter benefited from strong demand across several end markets including mega projects and live events, as well as stable demand across non-residential construction markets.

For its three months ended July 31, the company posted net income of $438 million, or $1.07 a share, compared with $373 million, or 87 cents a share, a year earlier.

Stripping out one-time items, earnings were $1.18 a share. Analysts expected adjusted earnings of $1.04 a share.

Total revenue increased 11% to $3.12 billion, topping Wall Street models for $3 billion.

Revenue from equipment rentals climbed 13% to $2.93 billion.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 09, 2026 11:21 ET (15:21 GMT)