Business UpdateJul 9, 2026, 06:47 PM
EquipmentShare Raises 2026 Guidance; Authorizes $500M Buyback
AI Summary
EquipmentShare.com Inc. announced it is raising its full-year 2026 financial guidance due to strong customer demand, sustained fleet utilization, and better-than-expected financial performance in the first half of the year. The Board of Directors also authorized a new share repurchase program, allowing the company to purchase up to $500 million of its Class A common stock, expiring December 31, 2028. This reflects the company's confidence in its long-term outlook and disciplined capital allocation strategy.
Key Highlights
- Board authorized a new share repurchase program of up to $500 million.
- Share repurchase program expires on December 31, 2028.
- Raised full-year 2026 OEC guidance to $10,577M - $11,627M.
- Raised full-year 2026 Total Revenue guidance to $5,254M - $5,682M.
- Raised full-year 2026 Rental Segment Revenue guidance to $3,472M - $3,748M.
- Raised full-year 2026 Adjusted Core EBITDA guidance to $1,946M - $2,058M.
- Company expects approximately $2.6 billion in liquidity at the end of Q2.
Price Impact
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