Sunbelt Rentals reported record first-quarter 2027 results, surpassing analyst estimates for both revenue and earnings. Performance was driven by robust demand in the North America Specialty segment and a temporary 250 basis point boost from the FIFA World Cup. Following the strong quarter and successful integration of Reliant Asset Management, the company raised its full-year fiscal 2027 revenue and EBITDA guidance.

Key Highlights

  • Total revenue grew 11.2% year-over-year to $3.115 billion, exceeding the consensus estimate of $3.00 billion.
  • North America Specialty segment rental revenue surged 25.3% to $1.07 billion, while General Tool rental revenue increased 7.4%.
  • Adjusted operating profit margin expanded 60 basis points to 24.4%, primarily due to reduced depreciation expense as a percentage of revenue.
  • The company raised its FY2027 total revenue growth guidance to 6%–9%, up from the previous range of 4.5%–7.5%.
  • Sunbelt initiated its first quarterly cash dividend of $0.30 per share, moving away from its previous semi-annual distribution framework.