United Rentals Q2 2024 Adj EPS $10.70 Beats $10.54 Estimate, Sales $3.773B Miss $3.775B Estimate

7/24/24 4:19:23 PM ET

Diversified Commercial Services

Consumer Discretionary

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United Rentals (NYSE:URI) reported quarterly earnings of $10.70 per share which beat the analyst consensus estimate of $10.54 by 1.52 percent. The company reported quarterly sales of $3.773 billion which missed the analyst consensus estimate of $3.775 billion by 0.05 percent. This is a 6.16 percent increase over sales of $3.554 billion the same period last year.

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Recent Analyst Ratings for
$URI

Date	Price Target	Rating	Analyst
6/28/2024	$750.00	Outperform	Raymond James
6/26/2024	$745.00	Buy	Citigroup
6/7/2024	$780.00	Overweight	JP Morgan
3/14/2024	$793.00	Buy	Truist
1/8/2024	$500.00	Equal-Weight	Morgan Stanley
1/5/2024	$485.00	Outperform → Underperform	Exane BNP Paribas
12/5/2023	$504.00 → $525.00	Buy → Neutral	UBS
12/5/2023	$504.00 → $525.00	Buy → Neutral	BofA Securities

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United Rentals Declares Quarterly Cash Dividend
United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.63 per share of URI common stock. The dividend will be payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,571 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,550 employees serve construction and industrial customers, utilities, municipali
10/23/24 4:30:00 PM ET
$URI
Diversified Commercial Services
Consumer Discretionary
United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 Guidance
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 Highlights Total 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
10/23/24 4:15:00 PM ET
$URI
Diversified Commercial Services
Consumer Discretionary
United Rentals, Inc. Third Quarter 2024 Conference Call and Audio Webcast Thursday, October 24, 2024 at 8:30 a.m. (ET)
United Rentals, Inc. (NYSE:URI) will hold its third quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 24, 2024 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-451-7724 (international: 785-424-1226). The replay number for the call is 402-220-6073. The passcode for both the conference call and replay is 67939. The company's third quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 23, 2
10/10/24 9:15:00 AM ET
$URI
Diversified Commercial Services
Consumer Discretionary

United Rentals Declares Quarterly Cash Dividend
United Rentals, Inc. (NYSE:URI) announced today that its Board of Directors declared a quarterly cash dividend of $1.63 per share of URI common stock. The dividend will be payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,571 rental locations in North America, 39 in Europe, 37 in Australia and 19 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 27,550 employees serve construction and industrial customers, utilities, municipali
10/23/24 4:30:00 PM ET
$URI
Diversified Commercial Services
Consumer Discretionary
United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 Guidance
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 Highlights Total 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
10/23/24 4:15:00 PM ET
$URI
Diversified Commercial Services
Consumer Discretionary
United Rentals, Inc. Third Quarter 2024 Conference Call and Audio Webcast Thursday, October 24, 2024 at 8:30 a.m. (ET)
United Rentals, Inc. (NYSE:URI) will hold its third quarter 2024 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 24, 2024 at 8:30 a.m. Eastern Time. The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call. The call is also accessible by dialing 800-451-7724 (international: 785-424-1226). The replay number for the call is 402-220-6073. The passcode for both the conference call and replay is 67939. The company's third quarter 2024 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 23, 2
10/10/24 9:15:00 AM ET
$URI
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$URI
Leadership Updates

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Caesars Entertainment, Inc. Appoints Kim Harris Jones to Board of Directors
Caesars Entertainment, Inc. (NASDAQ:CZR) today announced the appointment of Kim Harris Jones to its Board of Directors, effective April 29, 2024, subject to required regulatory approvals and pending licensure. With a track record of strategic corporate leadership as both an executive and a board member, Harris Jones will bring a unique perspective and in-depth experience to the Caesars Entertainment Board of Directors. "Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team," said Gary Carano, Executive Chairman of the Board, Caesars Entertainment. "With her extensive experience in finance and a reputation as a thoughtful and engaged leader inside some of t
4/29/24 4:05:00 PM ET
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$URI
Hotels/Resorts
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Consumer Specialties
Professional Services
Browning West Requisitions Special Meeting of Gildan Activewear Shareholders to Reconstitute a Majority of the Board of Directors
Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.
1/9/24 11:15:00 AM ET
$GIL
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$URI
Apparel
Consumer Discretionary
Clothing/Shoe/Accessory Stores
Shoe Manufacturing
Browning West Issues Letter to Gildan Activewear Shareholders Announcing Intent to Requisition Special Meeting to Reconstitute Board of Directors
Special Meeting Would Empower Shareholders to Improve Gildan's Board by Voting to Replace Five Incumbent Directors Replacement Slate Includes Five High Quality Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry Experience Urges Gildan's Board to Refrain From Taking Actions to Entrench Itself or Delay the Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares. Today, Browning West i
12/29/23 3:00:00 PM ET
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Apparel
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United Rentals Q2 2024 Adj EPS $10.70 Beats $10.54 Estimate, Sales $3.773B Miss $3.775B Estimate

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Recent Analyst Ratings for $URI

$URI Press Releases

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United Rentals Declares Quarterly Cash Dividend

United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 Guidance

United Rentals, Inc. Third Quarter 2024 Conference Call and Audio Webcast Thursday, October 24, 2024 at 8:30 a.m. (ET)

$URI SEC Filings

United Rentals Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by United Rentals Inc.

United Rentals Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

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$URI Insider Trading

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United Rentals Declares Quarterly Cash Dividend

United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 Guidance

United Rentals, Inc. Third Quarter 2024 Conference Call and Audio Webcast Thursday, October 24, 2024 at 8:30 a.m. (ET)

SVP Leopold Anthony S. sold $740,918 worth of shares (900 units at $823.24), decreasing direct ownership by 31% to 2,044 units (SEC Form 4)

Director Bruno Marc A was granted 38 shares, increasing direct ownership by 0.55% to 6,949 units (SEC Form 4)

SVP, Chief LGL & Sustain. Off. Gross Joli L. sold $248,400 worth of shares (360 units at $690.00), decreasing direct ownership by 8% to 4,090 units (SEC Form 4)

$URI Leadership Updates

Live Leadership Updates

Caesars Entertainment, Inc. Appoints Kim Harris Jones to Board of Directors

Browning West Requisitions Special Meeting of Gildan Activewear Shareholders to Reconstitute a Majority of the Board of Directors

Browning West Issues Letter to Gildan Activewear Shareholders Announcing Intent to Requisition Special Meeting to Reconstitute Board of Directors

$URI Analyst Ratings

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Raymond James initiated coverage on United Rentals with a new price target

Citigroup initiated coverage on United Rentals with a new price target

JP Morgan initiated coverage on United Rentals with a new price target

$URI Large Ownership Changes

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SEC Form SC 13G filed by United Rentals Inc.

SEC Form SC 13G/A filed by United Rentals Inc. (Amendment)

SEC Form SC 13G/A filed by United Rentals Inc. (Amendment)

$URI Market Insights

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United Rentals Updates 2024 Revenue Outlook From $14.95B-$15.45B To $15.05B-$15.35B vs $15.22B Est.

United Rentals Q2 2024 Adj EPS $10.70 Beats $10.54 Estimate, Sales $3.773B Miss $3.775B Estimate

Shares of companies within the broader industrial sector are trading higher following Core Retail Sales and Retail Sales economic data. Also, strength may be due to trader optimism that the Fed will cut rates.

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