Sunbelt Rentals at Morgan Stanley conference: record quarter lifts outlook
On Wednesday, September 16, 2026, Sunbelt Rentals (SUNB) presented its record quarter results at Morgan Stanley's 14th Annual Laguna Conference. The first quarter of fiscal 2026 saw record revenue, profit, earnings, and operating margins. CEO Brendan Horgan highlighted broad demand across Sunbelt's core rental business, specialty lines, and mega projects.
The company raised its full-year rental revenue guidance by 2%, indicating confidence in its performance. Horgan acknowledged that some of the biggest margin gains outlined in Sunbelt's five-year plan, known as Sunbelt 4.0, will take time to achieve, with the most significant improvements expected in years four and five. The company's General Rentals grew 7.5%, while Specialty grew 25%, showcasing momentum throughout the business.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
