United Rentals Announces Enhanced Capital Allocation Strategy and Reaffirms 2019 Guidance
United Rentals, Inc. (URI)
Last united rentals, inc. earnings: 4/29 04:15 pm
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US:NYSE Investor Relations:
unitedrentals.com/our-company/investor-relations/investor-presentations
Company Research
Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE:URI), the world’s largest equipment rental company, today announced that its board of directors has approved an enhanced capital allocation strategy that remains focused on balancing growth and returns. Specifically, the company is lowering its targeted leverage range to 2.0x-3.0x, from 2.5x-3.5x. The company expects to end the year with a net leverage ratio of approximately 2.5x versus a reported net leverage ratio of 2.9x as of March 31, 2019. Matthew Flannery, chief executive officer of United Rentals, said, "Over the last decade our capital allocation strategy has served our company and our investors well. This change is consistent with other actions we’ve taken to deploy our capital with a balanced approach to grow our business, enhance our cash flows and improve financial flexibility. The evolution of our business, and the resulting durable c
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Earnings
- 10/23/24 - Miss
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Sec Filings
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- 12/3/24 - Form 4
- URI's page on the SEC website