The company reported a quarterly profit of $104 million, or $3.10 per share, climbing from $30 million, or 90 cents per share, during the same period in 2024. On an adjusted basis, earnings reached $3.91 per share, easily clearing the $2.93 consensus estimate from analysts. Total revenue grew 5% to $1.36 billion, edging past the $1.35 billion forecast compiled by FactSet.

Core rental operations served as the primary engine for this performance, with equipment rental revenue jumping 12% to $1.25 billion. Bolstered by these results, management raised its full-year guidance for equipment rental revenue to a range of $4.48 billion to $4.55 billion, up from the prior outlook of $4.38 billion to $4.48 billion. Despite this quarterly momentum, the stock remains down 1.3% for the year.