Sunbelt Rentals Reports Record Revenues and Strong EBITDA Growth in Q1 FY2027
Sunbelt Rentals (NYSE:SUNB) reported record first-quarter results for fiscal year 2027, with rental revenue reaching $2.927 billion—a 12.5% increase from the prior year—and total topline figures hitting an all-time high of $3.115 billion. Adjusted earnings per share (EPS) rose by 20.4%, and the company announced a cash dividend, signaling confidence in its financial stability. Despite strong revenue growth, Sunbelt experienced uneven performance across segments. The North America Specialty segment saw robust rental revenue growth of 25.3% but faced margin compression due to higher ancillary revenues and fuel costs. In contrast, the UK division reported declining adjusted EBITDA and weaker margins. Overall, balance sheet discipline remained intact with a net debt-to-adjusted EBITDA ratio of 1.8x. Institutional ownership increased slightly in Q2 FY2026, as hedge funds holding positions rose to 35 from 33 the previous quarter. Dodge & Cox remains the largest institutional investor at 13.36% stake.
Tickers: $SUNB
Topics: adjusted EPS balance sheet discipline revenue growth segment performance