Sunbelt Rentals Holdings Inc. raised its fiscal 2027 guidance for revenue growth, adjusted EBITDA, and capital expenditure after reporting record first-quarter results. The company now expects total revenue growth between 6% and 9%, up from the prior range of 4.5% to 7.5%, and adjusted EBITDA of $4.92 billion to $5.12 billion, compared with the earlier $4.85 billion to $5.05 billion. Gross capital expenditure guidance was lifted to $2.75 billion to $3.15 billion, with net rental capital expenditure between $2.4 billion and $2.8 billion. In the quarter, total revenue rose 11.2% to $3.1 billion, rental revenue grew 12.5% to $2.9 billion, and adjusted EPS increased 20.4% to $1.18 per share. Management cited strong demand across mega projects, energy, live events, and industrial nonconstruction MRO, and noted the completed integration of Aries into Sunbelt, which contributed about 100 basis points to rental revenue growth.
Sunbelt Rentals Holdings, Inc.Sunbelt raised FY2027 revenue, EBITDA, and capex guidance after record Q1 results with 11.2% revenue growth and 20.4% adjusted EPS growth.
