What changed
Adjusted EPS of $12.76 beat consensus of $12.34 (+3.4%). Total revenue of $4.41B (+8.1% YoY) topped estimates, driven by rental revenue of $3.849B and fleet productivity up 3.4%. FY26 guidance raised: total revenue now $17.5B-$17.8B (vs prior $16.9B-$17.4B) and Adj. EBITDA $7.975B-$8.125B. The $49M scaffolding sale gain ($0.58/sh) boosted results; strip it out, core operating beat was narrower but still solid, with Adj. EBITDA margin of 46.6% expanding 60bps YoY.
Why it matters
Adjusted EPS of $12.76 beat consensus of $12.34 (+3.4%). Total revenue of $4.41B (+8.1% YoY) topped estimates, driven by rental revenue of $3.849B and fleet productivity up 3.4%. FY26 guidance raised: total revenue now $17.5B-$17.8B (vs prior $16.9B-$17.4B) and Adj. EBITDA $7.975B-$8.125B. The $49M scaffolding sale gain ($0.58/sh) boosted results; strip it out, core operating beat was narrower but still solid, with Adj. EBITDA margin of 46.6% expanding 60bps YoY.
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Jul 22, 2026 08:27 PM ET