\n\nNote: Adjusted operating profit, adjusted operating profit margin, adjusted pre-tax profit, adjusted earnings per share, adjusted EBITDA, adjusted EBITDA margin, net debt, adjusted net assets, adjusted average net assets, return on investment, net leverage, and free cash flow are non-GAAP financial measures. Reconciliations of all non-GAAP financial measures to the most directly comparable GAAP financial measure are included at the end of this release.<\/p><\/td><\/tr>\n<\/table> \nCEO Comment<\/b><\/p> \n\u201cFiscal 2026 was a strong year for Sunbelt Rentals, driven by our clear customer-led strategy, disciplined execution across the business and the outstanding efforts of our team,\u201d said Brendan Horgan, Chief Executive Officer. \u201cWe 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. We finished the year with strong momentum with fourth quarter rental revenues in our North America Specialty segment increasing 15%, and our North America General Tool growing at 4%. With this momentum, we are well positioned to continuing driving profitable growth and deliver long-term value for our stockholders.\u201d<\/p> \n\u201cI\u2019m excited to announce today the acquisition of Reliant Asset Management, a leading modular space solutions provider. This is a great example of our bolt-on acquisition strategy as a compelling opportunity to expand our Specialty offering and advance our Sunbelt 4.0 strategic objectives. 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. Post closing, we expect EPS accretion in year one, with net leverage remaining comfortably within our targeted range.\u201d<\/p> \nHorgan continued, \u201cLooking ahead to fiscal 2027, we are entering the year with strong top-line momentum. Our guidance reflects confidence in the underlying demand environment, the resilience of our structural growth and through-the-cycle free cash flow platform. We believe Sunbelt is well positioned to deliver a year of strong performance.\u201d<\/p> \nTotal Company Results Highlights<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThree Months Ended<\/p> \nApril 30,<\/p><\/td> | \n\u00a0<\/p><\/td> | \nYear Ended<\/p> \nApril 30,<\/p><\/td><\/tr>\n | \n\n(In millions, except per share amounts)<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nY\/Y<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nY\/Y<\/p><\/td><\/tr>\n | \n\nTotal Revenue<\/p><\/td> | \n2,754<\/p><\/td> | \n2,529<\/p><\/td> | \n+8.9%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11,154<\/p><\/td> | \n10,791<\/p><\/td> | \n+3.4%<\/p><\/td><\/tr>\n | \n\nEquipment Rental Revenue<\/p><\/td> | \n2,520<\/p><\/td> | \n2,334<\/p><\/td> | \n+8.0%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10,320<\/p><\/td> | \n9,980<\/p><\/td> | \n+3.4%<\/p><\/td><\/tr>\n | \n\nDepreciation of Rental Equipment<\/p><\/td> | \n466<\/p><\/td> | \n453<\/p><\/td> | \n+2.9%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,851<\/p><\/td> | \n1,815<\/p><\/td> | \n+2.0%<\/p><\/td><\/tr>\n | \n\nOperating Income<\/p><\/td> | \n410<\/p><\/td> | \n516<\/p><\/td> | \n(20.5)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,181<\/p><\/td> | \n2,499<\/p><\/td> | \n(12.7)%<\/p><\/td><\/tr>\n | \n\nAdjusted Operating Profit<\/p><\/td> | \n516<\/p><\/td> | \n545<\/p><\/td> | \n(5.3)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,500<\/p><\/td> | \n2,615<\/p><\/td> | \n(4.4)%<\/p><\/td><\/tr>\n | \n\nAdjusted Operating Profit Margin<\/p><\/td> | \n18.7%<\/p><\/td> | \n21.6%<\/p><\/td> | \n(290) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n22.4%<\/p><\/td> | \n24.2%<\/p><\/td> | \n(180) bps<\/p><\/td><\/tr>\n | \n\nEBITDA<\/p><\/td> | \n993<\/p><\/td> | \n1,087<\/p><\/td> | \n(8.6)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,497<\/p><\/td> | \n4,746<\/p><\/td> | \n(5.2)%<\/p><\/td><\/tr>\n | \n\nAdjusted EBITDA<\/p><\/td> | \n1,067<\/p><\/td> | \n1,081<\/p><\/td> | \n(1.3)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,677<\/p><\/td> | \n4,752<\/p><\/td> | \n(1.6)%<\/p><\/td><\/tr>\n | \n\nAdjusted EBITDA Margin<\/p><\/td> | \n38.7%<\/p><\/td> | \n42.7%<\/p><\/td> | \n(400) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n41.9%<\/p><\/td> | \n44.0%<\/p><\/td> | \n(210) bps<\/p><\/td><\/tr>\n | \n\nPre-Tax Profit<\/p><\/td> | \n316<\/p><\/td> | \n427<\/p><\/td> | \n(26.0)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,801<\/p><\/td> | \n2,070<\/p><\/td> | \n(13.0)%<\/p><\/td><\/tr>\n | \n\nAdjusted Pre-Tax Profit<\/p><\/td> | \n420<\/p><\/td> | \n449<\/p><\/td> | \n(6.5)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,113<\/p><\/td> | \n2,190<\/p><\/td> | \n(3.5)%<\/p><\/td><\/tr>\n | \n\nNet Income<\/p><\/td> | \n226<\/p><\/td> | \n329<\/p><\/td> | \n(31.3)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,325<\/p><\/td> | \n1,553<\/p><\/td> | \n(14.7)%<\/p><\/td><\/tr>\n | \n\nEPS<\/p><\/td> | \n$0.55<\/p><\/td> | \n$0.76<\/p><\/td> | \n(27.6)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$3.15<\/p><\/td> | \n$3.56<\/p><\/td> | \n(11.5)%<\/p><\/td><\/tr>\n | \n\nAdjusted EPS<\/p><\/td> | \n$0.74<\/p><\/td> | \n$0.81<\/p><\/td> | \n(8.6)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$3.72<\/p><\/td> | \n$3.78<\/p><\/td> | \n(1.6)%<\/p><\/td><\/tr>\n | \n\nDollar Utilization (TTM) 1)<\/sup><\/p><\/td>\n55%<\/p><\/td> | \n54%<\/p><\/td> | \n+1.0%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n55%<\/p><\/td> | \n54%<\/p><\/td> | \n+1.0%<\/p><\/td><\/tr>\n | \n\nWeighted-average common shares used in per share calculations<\/p><\/td> | \n412.5<\/p><\/td> | \n433.4<\/p><\/td> | \n(4.8)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n420.4<\/p><\/td> | \n435.9<\/p><\/td> | \n(3.6)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td><\/tr>\n | \n\n1) Dollar utilization, as defined in our Non-GAAP Financial Measures, is measured using a trailing twelve month revenue figure and ending original equipment cost (a balance sheet amount as of a point in time), therefore the resulting value is the same for both the quarter-to-date and year\u2011to\u2011date periods.<\/p><\/td><\/tr>\n<\/table> \nSummary of Fiscal Fourth Quarter 2026 Results<\/b><\/p> \nTotal revenue growth<\/b> in the quarter of 9% resulted from higher sales of used and new rental equipment, and rental revenue<\/b> growth of 8%. The strong momentum in rental revenue growth to finish the year was driven by volume growth and higher utilization across most geographies, while rates continued to be stable.<\/p> \nDepreciation of rental equipment<\/b> increased only 3% and less than rental revenue growth of 8%. This reflects stronger utilization of the company\u2019s fleet combined with disciplined capital management.<\/p> \nNet income<\/b> in the quarter declined primarily due to higher non-recurring costs related to restructuring and relisting activities, and higher stock compensation expense. See the non-GAAP reconciliation tables for further details.<\/p> \nConsistent with the results for the first nine months of the year, the company\u2019s fourth quarter adjusted EBITDA margin <\/b>declined compared to the prior-year period primarily due to a higher mix of North America Specialty segment revenue and ancillary revenues, higher internal repair and repositioning costs, and continued investments to support growth. In addition, during the quarter the company lapped the reversal of a $28 million receivables provision recognized in the fourth quarter of 2025 for a customer who filed for chapter 11 bankruptcy protection in the fourth quarter of 2024. Excluding the provision reversal benefit recognized in the fourth quarter of 2025, adjusted EBITDA margin in the fourth quarter of 2026 declined 290 basis points compared to the prior year period.<\/p> \nAdjusted earnings per share<\/b> declined due to lower adjusted profit before tax, primarily due to the aforementioned lapping of the reversal of the receivables provision, and a higher effective tax rate compared to same period last year.<\/p> \nReturn on investment <\/b>was 14.2% compared to the prior-year period of 15.0%. The reduction was primarily due to lower adjusted operating profit combined with rental fleet inflation.<\/p> \nNorth America General Tool<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThree Months Ended<\/p> \nApril 30,<\/p><\/td> | \n\u00a0<\/p><\/td> | \nYear Ended<\/p> \nApril 30,<\/p><\/td><\/tr>\n | \n\n(In millions)<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td><\/tr>\n | \n\nTotal Revenue<\/p><\/td> | \n1,582<\/p><\/td> | \n1,498<\/p><\/td> | \n+5.6%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6,507<\/p><\/td> | \n6,397<\/p><\/td> | \n+1.7%<\/p><\/td><\/tr>\n | \n\nEquipment Rental Revenue<\/p><\/td> | \n1,438<\/p><\/td> | \n1,377<\/p><\/td> | \n+4.4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6,013<\/p><\/td> | \n5,889<\/p><\/td> | \n+2.1%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit<\/p><\/td> | \n401<\/p><\/td> | \n451<\/p><\/td> | \n(11.1)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,932<\/p><\/td> | \n2,093<\/p><\/td> | \n(7.7)%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit Margin<\/p><\/td> | \n25.3%<\/p><\/td> | \n30.1%<\/p><\/td> | \n(480) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n29.7%<\/p><\/td> | \n32.7%<\/p><\/td> | \n(300) bps<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA<\/p><\/td> | \n759<\/p><\/td> | \n801<\/p><\/td> | \n(5.2)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,347<\/p><\/td> | \n3,477<\/p><\/td> | \n(3.7)%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA Margin<\/p><\/td> | \n48.0%<\/p><\/td> | \n53.5%<\/p><\/td> | \n(550) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n51.4%<\/p><\/td> | \n54.4%<\/p><\/td> | \n(300) bps<\/p><\/td><\/tr>\n | \n\nDollar Utilization (TTM) 1)<\/sup><\/p><\/td>\n47%<\/p><\/td> | \n48%<\/p><\/td> | \n(100) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n47%<\/p><\/td> | \n48%<\/p><\/td> | \n(100) bps<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td><\/tr>\n | \n\n1) Dollar utilization, as defined in our Non-GAAP Financial Measures, is measured using a trailing twelve month revenue figure and ending original equipment cost (a balance sheet amount as of a point in time), therefore the resulting value is the same for both the quarter-to-date and year\u2011to\u2011date periods.<\/p><\/td><\/tr>\n<\/table> \nNorth America General Tool<\/b> equipment rental revenue growth in the quarter of 4.4% was driven primarily by volume growth, with both dollar utilization and rates approximately flat. Growth was fairly consistent across U.S. geographies led by mega project and strategic account activity, with Canada driving outsized growth through bolt-on acquisitions and mega project activity.<\/p> \nThe adjusted segment EBITDA margin<\/b> performance in the quarter primarily reflects higher costs associated with internal repairs and repositioning of rental fleet to drive utilization improvements, and higher costs to support growth.<\/p> \nNorth America Specialty<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThree Months Ended<\/p> \nApril 30,<\/p><\/td> | \n\u00a0<\/p><\/td> | \nYear Ended<\/p> \nApril 30,<\/p><\/td><\/tr>\n | \n\n(In millions)<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td><\/tr>\n | \n\nTotal Revenue<\/p><\/td> | \n938<\/p><\/td> | \n810<\/p><\/td> | \n+15.8%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,715<\/p><\/td> | \n3,487<\/p><\/td> | \n+6.5%<\/p><\/td><\/tr>\n | \n\nEquipment Rental Revenue<\/p><\/td> | \n884<\/p><\/td> | \n768<\/p><\/td> | \n+15.1%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,505<\/p><\/td> | \n3,313<\/p><\/td> | \n+5.8%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit<\/p><\/td> | \n279<\/p><\/td> | \n256<\/p><\/td> | \n+9.0%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,176<\/p><\/td> | \n1,138<\/p><\/td> | \n+3.3%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit Margin<\/p><\/td> | \n29.7%<\/p><\/td> | \n31.6%<\/p><\/td> | \n(190) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n31.7%<\/p><\/td> | \n32.6%<\/p><\/td> | \n(90) bps<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA<\/p><\/td> | \n420<\/p><\/td> | \n389<\/p><\/td> | \n+8.0%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,721<\/p><\/td> | \n1,677<\/p><\/td> | \n+2.6%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA Margin<\/p><\/td> | \n44.8%<\/p><\/td> | \n48.0%<\/p><\/td> | \n(320) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46.3%<\/p><\/td> | \n48.1%<\/p><\/td> | \n(180) bps<\/p><\/td><\/tr>\n | \n\nDollar Utilization (TTM) 1)<\/sup><\/p><\/td>\n75%<\/p><\/td> | \n73%<\/p><\/td> | \n+200 bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n75%<\/p><\/td> | \n73%<\/p><\/td> | \n+200 bps<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td><\/tr>\n | \n\n1) Dollar utilization, as defined in our Non-GAAP Financial Measures, is measured using a trailing twelve month revenue figure and ending original equipment cost (a balance sheet amount as of a point in time), therefore the resulting value is the same for both the quarter-to-date and year\u2011to\u2011date periods.<\/p><\/td><\/tr>\n<\/table> \nNorth America Specialty<\/b> equipment rental revenue growth in the quarter of 15.1% was led by volume, supported by strong utilization increases year over year. The growth continued to be led by Power & HVAC, in particular Load Banks, and was also fueled by Flooring, Temporary Fencing, Structures and Walls, Trench Safety and Scaffold.<\/p> \nThe adjusted segment EBITDA margin<\/b> performance in the quarter primarily reflects a higher mix of ancillary revenues compared to last year, and higher costs associated with internal repairs and repositioning of rental fleet to drive utilization improvements. Furthermore, the previously mentioned $28 million receivables provision reversal, which was recognized in the fourth quarter of 2025, was recorded entirely within the North America Specialty segment. Excluding the $28 million receivable provision reversal benefit in the prior year period, Specialty adjusted segment operating profit margins would have increased 160 basis points compared to the prior year, and adjusted segment EBITDA margins would have increased 20 basis points.<\/p> \nUnited Kingdom<\/b><\/p>\n\n\n\u00a0<\/p><\/td> | \nThree Months Ended<\/p> \nApril 30,<\/p><\/td> | \n\u00a0<\/p><\/td> | \nYear Ended<\/p> \nApril 30,<\/p><\/td><\/tr>\n | \n\n(In millions)<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2026<\/p><\/td> | \n2025<\/p><\/td> | \nYoY<\/p><\/td><\/tr>\n | \n\nTotal Revenue<\/p><\/td> | \n234<\/p><\/td> | \n221<\/p><\/td> | \n+5.9%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n932<\/p><\/td> | \n907<\/p><\/td> | \n+2.8%<\/p><\/td><\/tr>\n | \n\nEquipment Rental Revenue<\/p><\/td> | \n198<\/p><\/td> | \n189<\/p><\/td> | \n+4.8%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n802<\/p><\/td> | \n778<\/p><\/td> | \n+3.1%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit<\/p><\/td> | \n14<\/p><\/td> | \n15<\/p><\/td> | \n(6.7)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n59<\/p><\/td> | \n73<\/p><\/td> | \n(19.2)%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment Operating Profit Margin<\/p><\/td> | \n6.0%<\/p><\/td> | \n6.8%<\/p><\/td> | \n(80) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6.3%<\/p><\/td> | \n8.0%<\/p><\/td> | \n(170) bps<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA<\/p><\/td> | \n57<\/p><\/td> | \n57<\/p><\/td> | \n\u2014%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n234<\/p><\/td> | \n244<\/p><\/td> | \n(4.1)%<\/p><\/td><\/tr>\n | \n\nAdjusted Segment EBITDA Margin<\/p><\/td> | \n24.4%<\/p><\/td> | \n25.8%<\/p><\/td> | \n(140) bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n25.1%<\/p><\/td> | \n26.9%<\/p><\/td> | \n(180) bps<\/p><\/td><\/tr>\n | \n\nDollar Utilization (TTM) 1)<\/sup><\/p><\/td>\n53%<\/p><\/td> | \n53%<\/p><\/td> | \n0 bps<\/p><\/td> | \n\u00a0<\/p><\/td> | \n53%<\/p><\/td> | \n53%<\/p><\/td> | \n0 bps<\/p><\/td><\/tr>\n | \n\n1) Dollar utilization, as defined in our Non-GAAP Financial Measures, is measured using a trailing twelve month revenue figure and ending original equipment cost (a balance sheet amount as of a point in time), therefore the resulting value is the same for both the quarter-to-date and year\u2011to\u2011date periods.<\/p><\/td><\/tr>\n<\/table> \nUK equipment rental revenue grew in the quarter on a currency-translated basis but declined in local currency, reflecting ongoing market challenges. Improving UK segment returns on capital remain a focus through operational efficiencies and the restructuring actions announced in December 2025, as well as rental rate improvement.<\/p> \nRental Fleet<\/b><\/p> \nThe company\u2019s total rental fleet at original equipment cost<\/b> is as follows:<\/p>\n\n\n\u00a0<\/p><\/td> | \nAs of April 30,<\/p><\/td><\/tr>\n | \n\n($ in millions)<\/p><\/td> | \n2026<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2025<\/p><\/td><\/tr>\n | \n\nNorth America - General Tool<\/p><\/td> | \n12,946<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12,523<\/p><\/td><\/tr>\n | \n\nNorth American - Specialty<\/p><\/td> | \n4,828<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,523<\/p><\/td><\/tr>\n | \n\nUnited Kingdom<\/p><\/td> | \n1,457<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,521<\/p><\/td><\/tr>\n | \n\nTotal Equipment Cost<\/b><\/p><\/td> | \n19,231<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,567<\/p><\/td><\/tr>\n<\/table> \nThe company\u2019s original<\/b> cost of rental equipment<\/b> at April 30, 2026, was $19,231 million, and our average fleet age <\/b>was 53 months on an original cost basis, as compared to 49 months at April 30, 2025.<\/p> \nCapital Management<\/b><\/p> \nLong-term debt <\/b>at April 30, 2026 was $7,033 million and the debt to income ratio <\/b>was 5.7x. Net debt<\/b> at April 30, 2026, was $7,554 million and net leverage<\/b> was 1.6x, well within our stated range of between 1x to 2x net debt-to-adjusted EBITDA. Availability under the senior secured credit facility was $3,540 million, and the company\u2019s credit facilities are committed for an average of five years at a weighted average cost of approximately 5%.<\/p> \nIn the full-year fiscal 2026, the company opened 51<\/b> greenfield locations <\/b>and invested $238 million, including acquired borrowings, on 13 bolt-on acquisitions <\/b>continuing to both expand its footprint and diversify its end markets. Cash flow from operations <\/b>was $3,784 million. Capital expenditure <\/b>was $2,194 million gross and $1,729 million net of disposal proceeds, and after capital expenditures, free cash flow <\/b>was $2,055 million.<\/p> \nIn December 2024, the company launched a share buyback program<\/b> of up to $1.5 billion over 18 months, which completed on February 24, 2026. The company commenced a new share buyback program of $1.5 billion which began on March 2, 2026 and coincided with the move of the primary listing to the New York Stock Exchange. In fiscal 2026, the company repurchased $1,413 million of common stock under these two programs, and paid $464 million in dividends<\/b>.<\/p> \nToday, Sunbelt Rentals is also announcing that its Board of Directors has declared a<\/b> dividend payment <\/b>of $0.75 per share, the final payment under its previous scheme as the company plans to transition to a quarterly dividend. The final dividend payment will be paid on Friday, July 24, 2026 to shareholders of record on Friday, July 10, 2026.<\/p> \nThe Company Announces the Acquisition of Reliant Asset Management<\/b><\/p> \nSunbelt announced today that on May 1, 2026, the company closed on the purchase of Reliant Asset Management<\/b>, a market leader in modular space solutions, for a total purchase price of $650 million, which is expected to be accretive to both growth and earnings per share.<\/p> \nReliant Asset Management i<\/b>s a leading provider of modular space solutions and adds a significant new Specialty vertical to the Sunbelt Rentals business, expanding our total addressable market. The company goes to market under the trade name: Aries Building Systems,<\/b> which rents and sells modular structures, mobile offices, classrooms and storage products to commercial, industrial and education markets.<\/p> \nAligned with the Sunbelt 4.0 strategy, this acquisition furthers Sunbelt Rentals' long-term commitment to investing in high-value Specialty markets. By expanding into a highly complementary Specialty vertical, we believe it strengthens our capacity to generate stockholder value and unlocks meaningful cross-sell opportunities across both new and existing markets and our broader customer base.<\/p> \nFull-Year Fiscal 2027 Outlook<\/b><\/p> \nToday, the company is introducing its outlook for fiscal full-year 2027.<\/p> | | | | | | | | | |
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