Sunbelt Rentals outlined fiscal 2027 total revenue growth of 4.5% to 7.5% and rental revenue growth of 5% to 8%, while announcing the acquisition of Reliant Asset Management to create a 13th Specialty business line, Sunbelt Rentals Modular Solutions. CEO Brendan Horgan said the company delivered record fourth-quarter and full-year revenues of $2.8 billion and $11.2 billion, growing 8.9% and 3.4% respectively, with adjusted EBITDA of $4.7 billion and record free cash flow of $2.1 billion. CFO Alexander Pease guided adjusted EBITDA between $4.85 billion and $5.05 billion with broadly flat margins, and net rental equipment capital expenditures of $2.05 billion to $2.45 billion. The Reliant acquisition, operating as Aries, is expected to contribute about 1% to the fiscal 2027 guide but will be a margin drag in the first year due to a higher sales mix. Management expects margin improvement in the back half of the year, supported by operational excellence drivers and potential upside from dynamic customer pricing initiatives now active in 15 markets.
Sunbelt Rentals Holdings, Inc.Guides FY2027 revenue growth 4.5-7.5%, adjusted EBITDA $4.85-5.05B, and record free cash flow $2.1B.
Acquired by Sunbelt Rentals, creating a new Specialty business line.