Sunbelt reports record $11.1B in revenue in fiscal 2026
Specialty segment revenue jumped 6.5% YoY
Sunbelt Rentals reported record revenue in its fiscal 2026 as it took advantage of construction projects across North America.
The equipment rental company’s full-year results reflect its “clear customer-led strategy, disciplined execution across the business and the outstanding efforts of our team,” Chief Executive Brendan Horgan stated in its June 23 earnings release.
“We delivered solid results, continued to grow the business and further strengthened our position across attractive end markets by supporting customers with the equipment, availability, service and solutions they need to execute critical projects,” he said.
Fort Mill, S.C.-based Sunbelt reported these results for its fiscal year ending April 30:
- Total revenue rose 3.4% year over year to $11.1 billion;
- Total equipment rental revenue jumped 3.4% YoY to $10.3 billion;
- Total rental equipment sales fell 3.4% YoY to $451 million;
- North American general tool segment revenue rose 1.7% YoY to $6.5 billion;
- North American specialty segment revenue increased 6.5% YoY to $3.7 billion; and
- Net income dropped 14.7% YoY to $1.3 billion.
Last month, Sunbelt acquired specialty rental company Reliant Asset Management for $650 million, exemplifying Sunbelt’s “bolt-on acquisition strategy,” Horgan said.
“Through this acquisition, we are demonstrating our capital allocation priorities and a clear intention to use our leadership position in North America to expand and grow across new highly complementary verticals, creating sustainable long-term value for stockholders,” he said.
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