United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 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
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Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced financial results for the third quarter of 2024 and reaffirmed, at mid-point, its 2024 outlook, while narrowing the outlook ranges for revenue, adjusted EBITDA1, rental capital expenditures and net cash provided by operating activities.Third Quarter 2024 HighlightsTotal revenue of $3.992 billion, including rental revenue2 of $3.463 billion.Net income of $708 million, at a margin3 of 17.7%. GAAP diluted earnings per share of $10.70, and adjusted EPS1 of $11.80.Adjusted EBITDA of $1.904 billion, at a margin3 of 47.7%.Year-over-year, fleet productivity4 increased 3.5%. Excluding the impact of the Yak5 acquisition, fleet productivity increased 1.9% year-over-year.Year-to-date net cash provided by operating activities of $3.498 billion; free cash flow1 of $1.211 billion, including gross payments for purchases of rental equipment of $3.178 billion.Year-to-date gross rental capital expenditures of $3.287 b
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News
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- For United Rentals Insiders, Selling US$12m Of Shares Was A Smart Move [Yahoo! Finance]Yahoo! Finance
- Lightning Round: Micron will go much higher, says Jim Cramer [CNBC]CNBC
- Why Are United Rentals (URI) Shares Soaring Today [Yahoo! Finance]Yahoo! Finance
URI
Earnings
- 10/23/24 - Miss
URI
Sec Filings
- 11/14/24 - Form 4
- 10/29/24 - Form 4
- 10/28/24 - Form 144
- URI's page on the SEC website