Movement Alert|Sunbelt Rentals Holdings Falls 8.78% in Regular Trading, as FY2026 Net Profit Drops 14.7% Despite Record Revenue

Market Focus06-24

On June 23, Sunbelt Rentals Holdings fell 8.78% in regular trading, trading at $75.89/share, with turnover of $182 million.

The decline was triggered by the company's FY2026 earnings release. Despite full-year revenue rising 3.4% YoY to a record $11.154 billion, net profit fell 14.7% to $1.325 billion. Earnings per share declined 11.5% to $3.15, while adjusted EBITDA slipped 1.6% to $4.677 billion. Fourth-quarter adjusted EPS came in at $0.74, down 8.64% from $0.81 in the prior year period, though quarterly revenue of $2.754 billion exceeded the year-ago $2.529 billion.

Management attributed the profit decline primarily to restructuring charges, re-listing related non-recurring costs, and elevated stock-based compensation expenses. The company returned $1.877 billion to shareholders through buybacks and dividends during the fiscal year and announced a transition to quarterly dividend payments starting FY2027.

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