Sunbelt Rentals : U.S. GAAP History Q3 2026 PDF (Sunbelt Rentals Holdings Inc. US GAAP history %28Final May 13%29)

Published: 2026-05-13 09:36:11 ET SUNB

Published on 05/13/2026 at 09:36 am EDT

March 12, 2026

This presentation includes certain financial measures not presented in accordance with U.S. GAAP ("non-GAAP financial measures"). Management believes these non-GAAP financial measures provide both management and users of the Group's consolidated financial statements with useful additional information when evaluating the Group's operating and financial performance. These non-GAAP financial measures should not be considered in isolation or as a substitute for or superior to financial information prepared in accordance with U.S. GAAP, and may not be comparable to similarly titled measures used by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in the Appendix of this presentation and should be reviewed carefully. The presentation of non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared in accordance with U.S. GAAP, in accordance with which the Group's primary financial statements are prepared and presented. Where IFRS measures are presented for comparison, they should be read together with, and are not a substitute for, the Group's financial statements prepared in accordance with U.S. GAAP.

INCOME STATEMENT: TRACK RECORD BY QUARTER

Q1-26

Q2-26

Q3-26

Q1-25

Q2-25

Q3-25

Q4-25

Revenue

2,801

2,962

2,637

2,754

2,941

2,567

2,529

Cost of revenues

(1,677)

(1,758)

(1,653)

(1,606)

(1,694)

(1,577)

(1,594)

Gross profit

1,124

1,204

984

1,148

1,247

990

935

SG&A expenses

(414)

(405)

(379)

(359)

(371)

(347)

(308)

Non-rental depreciation and amortization

(113)

(117)

(113)

(105)

(109)

(111)

Operating income

597

682

492

684

767

532

516

Interest expense (net)

(95)

(98)

(111)

(107)

(96)

Other income (expense), net

(22)

Income before tax

507

584

394

551

662

430

427

Taxation

(136)

(146)

(104)

(152)

(162)

(105)

(98)

Net income

371

438

290

399

500

325

329

Note: The company's independent auditor has not performed a review of the unaudited interim consolidated financial statements for the first quarter ended July 31, 2025, and 2024 or the second quarter ended October 31, 2025, and 2024. The additional financial information is included to enable the comparison of current results with results of prior periods.

ADJUSTED EBITDA: NON-GAAP RECONCILIATION BY QUARTER

Q1-26

Q2-26

Q3-26

Q1-25

Q2-25

Q3-25

Q4-25

Net income

371

438

290

399

500

325

329

Provision for income tax

136

146

104

152

162

105

Interest expense, net

111

107

Depreciation of rental equipment

458

467

460

445

457

460

453

Non-rental depreciation and amortization

113

117

113

105

109

111

EBITDA

1,173

1,266

1,065

1,212

1,339

1,108

1,087

Stock-based compensation

(8)

(15)

Restructuring costs1

Staff costs

Other restructuring costs

Adjusted EBITDA

1,209

1,319

1,082

1,204

1,350

1,117

1,081

EBITDA margin2

42%

43%

40%

44%

46%

43%

Adjusted EBITDA margin

43%

45%

41%

44%

46%

44%

43%

Notes:

Restructuring costs relate to staff and other costs incurred in relation to the Redomiciliation and U.S. Listing and, in the three months ended October 31, 2025 and three months ended January 31, 2026, the operational restructure of the United Kingdom segment.

EBITDA margin is calculated as EBITDA divided by total revenues

ADJUSTED OPERATING PROFIT: NON-GAAP RECONCILIATION BY QUARTER

Q1-26

Q2-26

Q3-26

Q1-25

Q2-25

Q3-25

Q4-25

Operating income

597

682

492

684

767

532

516

Other expense (income), net

(22)

Amortization of intangibles

Stock-based compensation

(8)

(15)

Restructuring costs1

Staff costs

Impairment

Other restructuring costs

Adjusted operating profit

666

779

539

683

813

574

545

Operating income margin2

21%

23%

19%

25%

26%

21%

20%

Adjusted operating profit margin

24%

26%

20%

25%

28%

22%

Notes:

Operating income margin is calculated as operating income divided by total revenues.

ADJUSTED PROFIT BEFORE TAX: NON-GAAP RECONCILIATION BY QUARTER

Q1-26

Q2-26

Q3-26

Q1-25

Q2-25

Q3-25

Q4-25

Net income

371

438

290

399

500

325

329

Provision for income tax

136

146

104

152

162

105

Profit before tax

507

584

394

551

662

430

427

Amortization

Stock-based compensation

(8)

(15)

Restructuring costs1

Staff costs

Impairment

Other restructuring costs

Adjusted profit before tax

571

681

441

572

702

467

449

Notes:

1. Restructuring costs relate to staff and other costs incurred in relation to the Redomiciliation and U.S. Listing and, in the three months ended October 31, 2025 and three months ended January 31, 2026, the operational restructure of the United Kingdom segment.

ADJUSTED EARNINGS PER SHARE: NON-GAAP RECONCILIATION BY QUARTER

Q1-26

Q2-26

Q3-26

Q1-25

Q2-25

Q3-25

Q4-25

Basic earnings per share

0.87

1.03

0.69

0.84

1.22

0.74

0.76

Amortization of acquired

intangibles

0.06

0.07

0.06

0.07

0.06

Stock-based compensation expense, net

0.05

0.02

0.01

(0.01)

0.02

(0.03)

Restructuring costs1

Staff costs

0.01

0.03

0.01

Impairment

0.04

Other restructuring costs

0.02

0.07

0.03

0.01

0.02

Taxation on adjusting items2

(0.03)

(0.04)

(0.02)

(0.01)

(0.02)

(0.01)

Adjusted earnings per share

0.98

1.22

0.78

0.88

1.29

0.80

0.81

Notes:

Taxation on adjusting items reflects the tax arising in relation to the items detailed above, calculated at the statutory rate of the relevant jurisdiction.

Disclaimer

Sunbelt Rentals Holdings, Inc. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 13:35 UTC.