Core Insights - The article promotes a premium service called "Value in Corporate Events" that focuses on major corporate events such as earnings reports, mergers and acquisitions, and IPOs, providing actionable investment ideas [1] Group 1 - The service covers 10 major events each month, aiming to identify the best investment opportunities [1] - It offers members the chance to capitalize on significant corporate activities, enhancing their investment strategies [1] - The article emphasizes that the analysis is independent and not influenced by any financial relationships with the companies mentioned [1]

Core Insights - The article promotes a premium service called "Value in Corporate Events" that focuses on major corporate events such as earnings reports, mergers and acquisitions, and IPOs, providing actionable investment ideas [1] Group 1 - The service covers 10 major events each month, aiming to identify the best investment opportunities [1] - It offers members the chance to capitalize on significant corporate events and changes in capital allocation [1] - The article emphasizes that the analysis is independent and not influenced by any business relationships with the companies mentioned [1]

Key Takeaways United Rentals' Q3 earnings missed estimates, while revenues rose 5.9% year over year to $4.23B.Record results in both general rentals and specialty segments supported growth across key markets.The company raised its 2025 revenue and EBITDA guidance, signaling confidence in ongoing demand.United Rentals, Inc. (URI) witnessed a 5.2% fall in its share price during the after-hours trading session yesterday, following the release of the third-quarter 2025 results. The company’s earnings per share ...

United Rentals (NYSE:URI) Q3 2025 Earnings Call October 23, 2025 08:30 AM ET Speaker0Morning and welcome to the United Rentals Investor Conference Call. Please be advised this call is being recorded. Before we begin, please note that the Company's press release, comments made on today's call, and responses to your questions contain forward-looking statements. The Company's business and operations are subject to a variety of risks and uncertainties, many of which are beyond its control, and consequently actu ...

Financial Data and Key Metrics Changes - Total revenue grew by 5.9% year over year to $4.2 billion, with rental revenue increasing by 5.8% to $3.7 billion, both setting third-quarter records [7][17] - Adjusted EBITDA reached a record of over $1.9 billion, resulting in a margin of 46% [8][19] - Adjusted EPS was reported at 11.7 [8] Business Line Data and Key Metrics Changes - Specialty rental revenue increased by 11% year over year, driven by growth across all product offerings and 18 cold starts [8][9] - Ancillary and re-rent revenue grew over 10%, contributing an additional $69 million [18] - Fleet productivity increased by 2%, contributing to an OER growth of 4.7% [8][19] Market Data and Key Metrics Changes - The construction end market saw strong growth in both infrastructure and non-residential construction, while the industrial end market showed strength in power [9] - The demand for used equipment remained healthy, with $619 million of OEC sold at a recovery rate of 54% [9][10] - Year-to-date, the company expects to sell approximately $2.8 billion of fleet this year [10] Company Strategy and Development Direction - The company is focused on being the partner of choice for large projects, leveraging its scale, technology, and value proposition [14][15] - The updated guidance reflects confidence in delivering solid results, with total revenue growth expected to be around 5% to 6% excluding used sales [13][22] - The company plans to continue investing in both organic and inorganic growth, with a robust M&A pipeline [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment, expecting momentum to carry into 2026 [6][14] - The company is proactively managing costs, particularly in delivery and fleet repositioning, to mitigate challenges [20][72] - Management noted that while margins are under pressure from costs, the core profitability of the business remains strong [82] Other Important Information - The company returned over $730 million to shareholders through share buybacks and dividends in the quarter, with a full-year target of nearly $2.4 billion [12][21] - The balance sheet remains strong with net leverage of less than 1.9 times [12][21] Q&A Session Summary Question: Demand profile and CapEx cadence for 2026 - Management clarified that the accelerated CapEx in Q3 was to meet existing demand and not a pull forward from 2026, with expectations for growth CapEx in 2026 [27][28] Question: Pricing strategy for ancillary services - Management acknowledged the need to rethink pricing for ancillary services, which have become a larger part of the business, while noting that delivery costs are a significant component [30][31] Question: Local market growth and impact of rate cuts - Management indicated that local markets are currently flat, with potential upside if rate cuts lead to increased construction activity [50][51] Question: Large project dynamics and customer sentiment - Management reported strong demand from large projects, with a robust pipeline and positive customer sentiment [39][102] Question: Infrastructure investment outlook - Management expressed confidence in continued infrastructure investment, supported by federal and state initiatives, and noted that the demand for infrastructure remains strong [94][95]

Shares of United Rentals (NYSE: URI ) have been a strong performer over the past year, gaining about 17%. The company has largely defied fears of a slowdown in construction activity as its shift towards specialty rentalsOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclos ...

Third Quarter 2025 Investor Presentation © 2023 United Rentals, Inc. All rights reserved. I 1 Introductory information Unless otherwise specified, the information in this presentation, including forward-looking statements, is as of our most recent earnings call held on October 23, 2025. We make no commitment to update any such information contained in this presentation. Certain statements in this presentation are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of ...

Shares of United Rentals (NYSE: URI ) have been a strong performer over the past year, gaining about 17%. The company has largely defied fears of a slowdown in construction activity as its shift towards specialty rentalsOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclos ...

Core Insights - United Rentals (URI) reported revenue of $4.23 billion for Q3 2025, a year-over-year increase of 5.9% [1] - The EPS for the quarter was $11.70, slightly down from $11.80 a year ago, with an EPS surprise of -6.33% compared to the consensus estimate of $12.49 [1] Revenue Breakdown - Equipment rentals generated $3.67 billion, exceeding the estimated $3.61 billion, reflecting a 5.8% increase year-over-year [4] - Service and other revenues were $93 million, below the estimated $101.34 million, showing no change from the previous year [4] - Contractor supplies sales reached $43 million, surpassing the estimated $39.43 million, marking a 13.2% increase year-over-year [4] - Sales of new equipment totaled $95 million, exceeding the estimated $79.81 million, with a significant 23.4% increase compared to the prior year [4] - Sales of rental equipment were $333 million, slightly above the estimated $321.65 million, representing a 3.7% year-over-year increase [4] - Specialty contractor supplies sales were $20 million, exceeding the estimated $17.09 million, reflecting a 25% increase year-over-year [4] - Specialty equipment rentals generated $1.27 billion, surpassing the estimated $1.22 billion, with an 11.4% increase year-over-year [4] - Specialty sales of new equipment reached $50 million, exceeding the estimated $35.83 million, marking a 22% increase year-over-year [4] - Specialty sales of rental equipment were $59 million, above the estimated $46.95 million, reflecting a 25.5% increase year-over-year [4] - Specialty service and other revenues were $9 million, slightly below the estimated $9.15 million, but showing a 28.6% increase year-over-year [4] - General rentals totaled $2.83 billion, matching the average estimate, with a 3% year-over-year increase [4] - General rentals service and other revenues were $84 million, below the estimated $100.48 million, reflecting a 2.3% decrease year-over-year [4] Stock Performance - Shares of United Rentals have returned +4.9% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

United Rentals (URI) came out with quarterly earnings of $11.7 per share, missing the Zacks Consensus Estimate of $12.49 per share. This compares to earnings of $11.8 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.33%. A quarter ago, it was expected that this equipment rental company would post earnings of $10.54 per share when it actually produced earnings of $10.47, delivering a surprise of -0.66%.Over the last four quar ...