SUNB · Sunbelt Rentals Holdings
2 filings
SUNB 10-Q Quarterly Reports
Sunbelt Rentals Holdings - 2 quarterly reports
SUNB filed 1 annual reports (10-K), 2 quarterly reports (10-Q) and 11 current reports (8-K) between 2026 and 2026.
- 2027-Q1Sep 9, 2026
Sunbelt Rentals Holdings Quarterly Report for Q1 Ended Jul 31, 2026
Sunbelt Rentals Holdings, Inc. reported revenue of $3,115 million for the three months ended July 31, 2026, up from $2,801 million a year earlier, with operating income of $691 million (versus $596 million) and net income of $438 million (versus $373 million). Diluted earnings per share were $1.07, compared with $0.87. Equipment rentals revenue rose to $2,927 million from $2,601 million, driven mainly by rental volume growth in both North American segments and positive rental rate momentum. Adjusted EBITDA was $1,315 million, and free cash flow was $70 million, down from $468 million, as rental equipment purchases ($759 million) and acquisitions ($667 million) rose sharply. The balance sheet grew over the quarter, with total assets of $23,613 million at July 31, 2026, versus $22,268 million at April 30, 2026. Total debt increased to $8,556 million from $7,583 million, including $450 million of 4.950% senior notes due 2030 and $750 million of 5.650% senior notes due 2036 issued on July 14, 2026. Stockholders' equity was $7,447 million. The company paid $307 million in dividends and repurchased $56 million of common stock during the quarter. Subsequent to quarter-end, the Board declared a quarterly cash dividend of $0.30 per share, payable October 2, 2026. The company also repaid its $550 million 1.500% senior notes on August 12, 2026, and completed three North American acquisitions for a total purchase price of $56 million. Management stated that existing cash sources, including operating cash flow and ABL Facility availability of $3,512 million, are sufficient for liquidity needs over the next 12 months.
- 2026-Q3Mar 12, 2026
Sunbelt Rentals Holdings Quarterly Report for Q3 Ended Jan 31, 2026
Sunbelt Rentals Holdings, Inc.'s 10-Q presents the historical results of Ashtead Group plc, its accounting predecessor, for the three and nine months ended January 31, 2026. Sunbelt Rentals Holdings, Inc. became the parent holding company on February 27, 2026, through a U.K. court-sanctioned scheme of arrangement, and its common stock began trading under the symbol SUNB on the NYSE and LSE on March 2, 2026. For the nine months, total revenues rose 1.7% to $8,400 million and equipment rentals revenue rose 2.0% to $7,800 million, but operating income fell to $1,771 million from $1,983 million and net income decreased 10.2% to $1,099 million. Diluted EPS was $2.59 versus $2.79. Adjusted EBITDA was $3,610 million versus $3,671 million. Cash generation remained strong. Net cash from operating activities was $2,834 million, and free cash flow was $1,428 million, up from $782 million, mainly because rental equipment purchases fell to $1,440 million from $2,054 million. The company repurchased $1,047 million of its own shares in the nine months and paid $307 million in dividends. Total debt was $7,644 million, with $549 million due in August 2026, and $1,489 million was drawn on the $4,750 million ABL facility. The company also began a new share repurchase program of up to $1.5 billion on March 2, 2026. The filing discloses a material weakness in internal controls over the classification of debt between current and noncurrent liabilities, which led to a restatement of the six-month results ended October 31, 2025. Management concluded that disclosure controls were not effective as of January 31, 2026, and remediation controls began in February 2026. The company also recorded $40 million of U.K. restructuring costs in the nine months, with about $42 million expected for fiscal 2026.