EquipmentShare.com Inc. (NASDAQ:EQPT) stock climbed in Friday’s premarket trading after the construction equipment provider raised its full-year 2026 financial outlook and authorized a $500 million share repurchase program.
EquipmentShare Raises 2026 Guidance
EquipmentShare now expects annual revenue of $5.25 billion to $5.68 billion, up from its previous forecast of $5.15 billion to $5.58 billion.
The company raised its adjusted core EBITDA outlook to $1.95 billion to $2.06 billion from $1.88 billion to $2.00 billion.
EquipmentShare expects rental segment revenue of $3.47 billion to $3.75 billion, up from its prior forecast of $3.37 billion to $3.64 billion
EquipmentShare also increased its original equipment cost forecast from $10.15 billion to $11.20 billion to $10.58 billion to $11.63 billion.
The company maintained its target of 427 to 435 full-service rental locations by year-end. It expects 264 mature rental locations at the end of 2026, up from 186 at the end of 2025.
Management attributed the stronger outlook to continued customer demand, sustained fleet utilization, disciplined execution, and better-than-expected first-half performance.
Board Approves $500 Million Buyback
EquipmentShare’s board authorized the repurchase of up to $500 million of Class A common stock through Dec. 31, 2028.
The program gives the company flexibility to repurchase shares depending on market conditions, but does not require it to buy a specific number of shares.
EquipmentShare expects approximately $2.6 billion in pro forma liquidity at the end of the second quarter. The estimate includes cash, cash equivalents, undrawn borrowing capacity, and $1.3 billion in net bond proceeds funded on July 1.
The company aims to expand to 700 rental locations and manage $20 billion in original equipment cost by 2030.
EQPT Stock Price Activity: EquipmentShare.com shares were trading 17.38% higher at $18.78 in the premarket session on Friday, according to Benzinga Pro data.
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