SUNB — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-09-09

• Three Months Ended July 31, 2026 Compared With Three Months Ended July 31, 2025

• Equipment rentals. Total equipment rentals revenue increased by $326 million, or 13%, to $2,927 million in the three months ended July 31, 2026, from $2,601 million in the three months ended July 31, 2025, representing 94% and 93% of total revenues in the three months ended July 31, 2026 and 2025, r…

• On a segment basis, equipment rentals revenue attributable to the North America – General Tool, North America – Specialty and United Kingdom segments represented 56%, 37% and 7%, respectively, of total equipment rentals revenue in the three months ended July 31, 2026, compared to 59%, 33% and 8%, re…

• North America – General Tool. Equipment rentals revenue attributable to the North America – General Tool segment increased by $113 million, or 7%, to $1,648 million in the three months ended July 31, 2026, from $1,535 million in the three months ended July 31, 2025. This increase was primarily attri…

• North America – Specialty. Equipment rentals revenue attributable to the North America – Specialty segment increased by $216 million, or 25%, to $1,070 million in the three months ended July 31, 2026, from $854 million in the three months ended July 31, 2025. This increase was primarily due to a 13%…

Text removed vs the prior filing · source: 10-Q · 2026-03-12

• Fuel and erection and dismantling service revenues are recognized when the related goods or services are provided to the customer, which generally occurs at the point in time the service is performed or the good is delivered.

• Sales of new equipment, merchandise and consumables89 79 284 261

• Cost of equipment rentals, excluding depreciation1,056 985 3,255 3,064

• Cost of sales of new equipment, merchandise and consumables55 46 175 153

• Selling, general and administrative expenses379 347 1,198 1,077

Text added vs the prior filing · source: 10-Q · 2026-09-09

• There were no changes in our internal control over financial reporting during the quarter ended July 31, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-03-12

• Material Weakness in Internal Control over Financial Reporting

• A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

• As previously reported in its Form 10, the Company identified a material weakness in its internal control over financial reporting, as it did not design and maintain effective controls to assess the classification of debt between current and noncurrent liabilities.The material weakness resulted in t…

• Following the identification of the material weakness described above, beginning in February 2026, management has designed incremental control activities related to the assessment of the classification of debt between current and non-current liabilities and is in the process of implementing and eval…

• There were no changes in our internal control over financial reporting during the quarter ended January 31, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.