Midpoint Full-Year Rental Segment(1) Revenue Growth Outlook Increased to 33% from 29%
COLUMBIA, Mo., July 09, 2026 (GLOBE NEWSWIRE) -- EquipmentShare.com Inc (Nasdaq: EQPT) ("EquipmentShare" or the "Company"), a leader in connected jobsite technology and one of the largest construction equipment rental providers in the United States, today announced that, driven by continued strong customer demand, sustained fleet utilization, disciplined execution, and better-than-expected financial performance through the first half of the year, the Company is raising its full-year 2026 financial guidance. Reflecting the Board of Directors' (the "Board") belief and confidence in the Company's long-term outlook and disciplined capital allocation strategy, the Board also authorized a new share repurchase program allowing the Company to purchase up to an aggregate of $500 million of the Company's Class A common stock with an expiration date of December 31, 2028.
"Our customers continue to choose EquipmentShare because our technology-enabled rental platform helps them work more productively and more efficiently," said Jabbok Schlacks, Founder and CEO. "That demand is translating into stronger-than-expected financial performance across our business during the second quarter, giving us the confidence to raise our full-year outlook. We are executing our strategy, continuing to take market share, expanding margins driven primarily by maturing rental locations and generating leading returns on invested capital."
"The share repurchase authorization reflects our disciplined approach to capital allocation and our confidence in EquipmentShare's long-term outlook," Mr. Schlacks continued. "This authorization provides us with the flexibility to repurchase shares opportunistically over time as market conditions warrant. We remain committed to maintaining our leverage and liquidity targets while continuing to invest in the fleet, technology, and strategic initiatives that support our long-term objective of reaching 700 rental locations and $20 billion of OEC(2) under management by 2030. With approximately $2.6 billion(3) of expected liquidity at the end of the second quarter, we believe we have ample financial flexibility to execute our long-term plan."
Updated Full-Year 2026 Outlook
Supported by strong momentum heading into the second half of the fiscal year, EquipmentShare has raised its full-year 2026 financial expectations as follows:
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(1) Refers to the Equipment Rental and Services Operations segment.
(2) Refers to Original Equipment Cost.
(3) Reflects estimated cash, cash equivalents, and undrawn availability on the Company's asset-based lending facility on June 30, 2026, plus $1.3 billion of net bond proceeds funded on July 1, 2026.