India, June 23 -- On Tuesday, Sunbelt Rental Holdings, Inc. (SUNB), an equipment rental company, reported lower profit in the fourth quarter of 2026 mainly due to increased operating expenses, despite higher revenue. Further, the company issued positive outlook for fiscal 2027.
In addition, the company announced the bolt-on acquisition of Reliant Asset Management, a modular space solutions provider. After the deal closure, the company expects earnings per share accretion in year one.
On the NYSE, the shares were trading 6 percent lower at $78.23, after closing Monday's regular trading 3.28 percent low.
Net income for the period went down to $226 million from $329 million in the same quarter previous year. Earnings per share dropped to $0...