Sunbelt Rentals Holdings Inc's Business Segments

Sunbelt Rentals operates as one of the largest international equipment rental companies by rental revenue, with 1,611 stores across North America and the United Kingdom as of April 30, 2026. It is the second largest equipment rental business in North America and the largest in the United Kingdom by rental revenue. For the fiscal year ended April 30, 2026, the company reported revenues of $11,154 million and operating income of $2,181 million. Its rental fleet includes construction, industrial, and general equipment such as mobile elevating work platforms, skid steers, forklifts, excavators, lighting equipment, and small tools, along with specialty lines including power and HVAC, climate control, scaffold services, and flooring solutions. Customers include multinational businesses, local contractors, emergency response organizations, event organizers, and government entities. Operations are organized into three segments: North America – General Tool (58% of revenue), North America – Specialty (33%), and United Kingdom (9%) for 2026. Sunbelt Rentals common stock began trading on the NYSE and LSE in March 2026 following a reorganization.

The registrant operates a United Kingdom segment that offers a comprehensive range of equipment rental solutions, including General Tool and Specialty equipment, through a network of stores across the UK. This segment serves customers in the construction, industrial, infrastructure, and energy markets, emphasizing operational efficiency, underused capacity, and targeted fleet investments. The UK segment accounted for 9% of total revenues for the fiscal years ended April 30, 2026, and 2025. The registrant's markets are expanding geographically and in equipment range and applications, with construction projects becoming larger and longer, including mega projects such as data centers and electric vehicle factories. Non-construction end markets include maintenance, repair and operations; sports, entertainment and special events; emergency response and restoration; and state and local government, each presenting stable or growing demand and opportunities for rental penetration. In North America, the industry is shifting from ownership to rental due to cost inflation, technical changes, and health, safety, and environmental factors, benefiting larger rental companies that provide complex solutions and partner with customers.