{
  "url": "https://struct.news/briefs/sunbelts-profits-jumped-51-its-growth-bill-outran-operating-cash",
  "title": "Sunbelt’s profits jumped 51%. Its growth bill outran operating cash",
  "summary": "Sunbelt generated $840 million from operations, then spent $1.4 billion on rental equipment and acquisitions.",
  "published_at": "2026-09-09T20:28:06.006505+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Sunbelt Rentals Holdings, Inc.",
    "ticker": "SUNB",
    "cik": "1628280",
    "sector": "Industrials",
    "industry": "Rental & Leasing Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-09",
    "accession": "0001628280-26-061146",
    "url": "https://www.sec.gov/Archives/edgar/data/2083785/000162828026061146/snblt-20260731.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-03-12",
    "url": "https://www.sec.gov/Archives/edgar/data/2083785/000162828026017215/snblt-20260131.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 2509000000,
      "display": "$2.5B",
      "unit": "usd",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-061146",
        "filing_date": "2026-09-09"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 4.367720465890179,
      "display": "+4.4%",
      "unit": "percent",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-061146",
        "filing_date": "2026-09-09"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 86.92706257473097,
      "display": "+86.9%",
      "unit": "percent",
      "period": "2026-04-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-061146",
        "filing_date": "2026-09-09"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Working-capital movements reduced operating cash flow as receivables increased and accounts payable decreased.",
      "importance": "medium",
      "evidence": "primarily due to movements in working capital due to an increase in accounts receivable and decrease in accounts payable, offset by improved income from operations.",
      "source_date": "2026-09-09"
    },
    {
      "type": "input_costs",
      "statement": "Management cited life-cycle inflation in the fleet as a reason for the increase in margin-related results.",
      "importance": "medium",
      "evidence": "The increase was primarily due to a larger fleet size and the continued impact of life cycle inflation on our fleet.",
      "source_date": "2026-09-09"
    },
    {
      "type": "m_and_a",
      "statement": "Bolt-on acquisitions since May 1, 2025 contributed a further 6% of equipment-rental revenue growth in the latest period.",
      "importance": "medium",
      "evidence": "while equipment rentals revenue attributable to bolt-on acquisitions since May 1, 2025 contributed a further 6% of equipment rentals revenue growth over the same period.",
      "source_date": "2026-09-09"
    }
  ],
  "related_tickers": [
    "SUNB"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}