BuybackJul 10, 2026, 06:07 AM
EquipmentShare Authorizes $500M Share Buyback; Raises 2026 Outlook
AI Summary
EquipmentShare.com Inc. announced a new share repurchase program, authorizing the purchase of up to $500 million of its Class A common stock, effective until December 31, 2028. Concurrently, the company raised its full-year 2026 financial expectations, citing strong customer demand and better-than-expected performance in the first half of the year. The updated outlook includes higher projections for Total Revenue, Rental Segment Revenue, and Adjusted Core EBITDA.
Key Highlights
- Board approved a share repurchase program for up to $500 million of Class A common stock.
- The share repurchase program is authorized until December 31, 2028.
- Raised full-year 2026 Total Revenue outlook to $5.25 billion - $5.68 billion from prior $5.15 billion - $5.58 billion.
- Increased full-year 2026 Adjusted Core EBITDA outlook to $1.95 billion - $2.06 billion from prior $1.88 billion - $2.00 billion.
- Midpoint full-year Rental Segment Revenue growth outlook increased to 33% from 29%.
- Raised full-year 2026 Gross Rental Capex outlook to $2.66 billion - $2.89 billion from prior $2.28 billion - $2.50 billion.
Price Impact
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