Quarterly ResultJun 23, 2026, 07:16 AM
Sunbelt Rentals Acquires Reliant Asset Management; Q4 Rev $2.75B
AI Summary
Sunbelt Rentals announced the acquisition of Reliant Asset Management for $650 million, expanding its Specialty offering in modular space solutions. The company reported fiscal Q4 2026 total revenue of $2.75 billion, an 8.9% increase, with rental revenue up 8.0%. Net income for the quarter declined 31.3% to $226 million, while full-year 2026 total revenue reached a record $11.15 billion. Sunbelt also declared a final dividend of $0.75 per share and provided a positive outlook for fiscal year 2027, projecting 4.5% to 7.5% total revenue growth.
Key Highlights
- Acquired Reliant Asset Management for $650M, expanding modular space solutions.
- Q4 2026 total revenue rose 8.9% to $2.75B; rental revenue grew 8.0%.
- Q4 2026 net income fell 31.3% to $226M; EPS was $0.55.
- Full-year 2026 total revenue hit record $11.15B, up 3.4%.
- Full-year 2026 net income was $1.32B, down 14.7%; EPS $3.15.
- Declared $0.75/share final dividend; transitioning to quarterly in FY2027.
- Repurchased $1.41B common stock in fiscal 2026.
- Forecasts FY2027 total revenue growth 4.5-7.5%, rental revenue 5-8%.
Price Impact