STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) will hold its fourth quarter and full year 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, January 25, 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 800-420-1271 (international: 785-424-1222). The replay number for ...

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STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI), the world’s largest equipment rental company, today announced it was selected as one of the U.S. Best Managed Companies in the Drucker Institute’s annual Management Top 250 ranking. The prestigious award, presented by The Wall Street Journal, recognizes well-run companies that deliver value to customers, employees and investors. The Management Top 250 ranking measures corporate effectiveness by evaluating five categories: customer satisf ...

Financial Data and Key Metrics Changes - Total revenue increased by 23% year over year to $3.8 billion, with rental revenue up 18% [71][63] - Adjusted EBITDA rose 22% to a record $1.85 billion, translating to a margin of over 49% [71][78] - Adjusted EPS grew by over 26% to a third quarter record [71][109] - Free cash flow margin reached 12.8%, maintaining strong growth [111] Business Line Data and Key Metrics Changes - Rental revenue was a record at over $3.2 billion, an increase of $492 million or 18% year over year [107] - Used equipment sales more than doubled year over year to $366 million, reflecting normalized volumes [63][108] - Ancillary revenues increased by $83 million, or 19.7% [107] Market Data and Key Metrics Changes - Non-residential construction grew 9% year over year, with new projects in EV, semiconductor, solar power, and healthcare sectors [64] - Customer Confidence Index remained strong, indicating optimism for future projects [73][65] Company Strategy and Development Direction - The company aims to leverage its balance sheet to benefit both customers and shareholders, focusing on growth and capital allocation [72][90] - The strategy includes returning over $1.4 billion to shareholders through buybacks and dividends [73][81] - The company is positioned to capture a significant share of the $2 trillion investment opportunities on the horizon [104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for 2024, expecting it to be another year of growth [106][62] - Supply chain conditions have improved, allowing for a return to more typical quarterly cadences [110][116] - The company anticipates positive fleet productivity in 2024, exceeding inflation [137][115] Other Important Information - The average fleet age was 51.6 months, returning to pre-pandemic levels [77] - The company opened 14 new specialty locations during the quarter, contributing to growth [103] Q&A Session Summary Question: What is the status of Ahern's synergies and revenue generation? - Management confirmed that cost synergies are on track, while revenue synergies will take longer to realize, typically a couple of years [22][132] Question: How is the company addressing the used equipment channel mix? - The company is returning to a more normalized channel mix, with expectations to balance wholesale and auction sales [30][51] Question: What is the outlook for fleet productivity in a higher interest rate environment? - Management expects that higher interest rates will lead to greater rental penetration as customers seek flexibility [31][41] Question: How does the company view the impact of megaprojects on overall business? - Management noted that while some projects are experiencing delays, the overall pipeline remains robust and strong [127][128] Question: What is the expected impact of supply chain normalization on capital expenditures? - The company anticipates a return to more typical capital expenditure levels as supply chains normalize [110][116]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ___________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-14387 Delaware 06-1522496 Delaware 86-0933835 100 First Stamford Place, Suite 700 Stamford ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2023 reached just under $1.7 billion, reflecting a year-over-year increase of $384 million or 29% [3][148] - Total revenue rose by 28% year-on-year to almost $3.6 billion, with rental revenue growing 21% [147][148] - Free cash flow guidance was increased by $175 million to a range of $2.3 billion to $2.5 billion, implying over $20 per share returned to investors [6][148] - Return on invested capital (ROIC) set a new record at 13.4%, up 190 basis points year-on-year [18][148] Business Line Data and Key Metrics Changes - Rental revenue increased by 21%, with broad-based demand across verticals and regions [147][148] - Used equipment sales revenue surged 133% to $382 million, with a second quarter adjusted used margin of 57.3% [155][148] - Specialty business rental revenue grew 17% year-on-year organically, with double-digit gains across all major categories [149][148] Market Data and Key Metrics Changes - The Dodge Momentum Index was up 19% year-over-year in June, indicating strong non-residential construction activity [139] - Non-residential construction employment growth remains solid, supporting overall market demand [139][148] - The company reported growth in all regions on both reported and pro forma bases [149] Company Strategy and Development Direction - The company aims to leverage competitive advantages to provide superior customer service and pursue continued growth both organically and through M&A [145][148] - The strategy includes a focus on infrastructure, industrial manufacturing, and energy and power as key tailwinds for long-term growth [150][148] - The company plans to return over $1.4 billion of cash to shareholders this year through share buybacks and dividends [5][144] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand environment, stating that the industry remains in good shape with strong rate discipline [161] - The company anticipates 2024 to be a growth year, supported by a strong end market demand [11][148] - Management noted that project pipelines remain robust, with no cancellations observed despite recent banking system disruptions [70][71] Other Important Information - SG&A expenses increased by $51 million, but as a percentage of sales, it declined to a record low of 10.6% [17][148] - The company opened 19 new locations in Q2 and is on track for 40 cold starts this year [149][148] - The company released a new sustainability report highlighting how the rental business model aligns with sustainability goals [151] Q&A Session Summary Question: How is the company thinking about fleet productivity for the rest of the year? - Management indicated that fleet productivity is expected to remain strong, with dynamics similar to Q2 [10][20] Question: What drove the pro forma decline from 5.9% to 2% in the second quarter? - Management clarified that the decline was a timing issue related to fleet management and not indicative of demand weakness [21][8] Question: How does the company view the impact of potential economic slowdowns on CapEx? - Management stated that they will adjust CapEx based on demand forecasts and maintain a focus on shareholder value [104][109] Question: Are there any areas of concern within non-residential markets? - Management highlighted strong performance in manufacturing, public road and highway, and healthcare sectors, with no significant weaknesses noted [79][96] Question: How is the company managing inflation and cost pressures? - Management emphasized their buying power and ability to manage costs effectively, ensuring that inflation does not significantly impact fleet productivity [81][84]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ___________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-14387 Commission File Number 1-13663 ___________________________________ United Rentals, Inc. U ...

United Rentals Inc. (NYSE:URI) Q1 2023 Results Conference Call April 27, 2023 11:00 AM ET Company Participants Matt Flannery - CEO Ted Grace - CFO Conference Call Participants Rob Wertheimer - Melius Research David Raso - Evercore ISI Steven Fisher - UBS Jamie Cook - Credit Suisse Jerry Revich - Goldman Sachs Seth Weber - Wells Fargo Ken Newman - KeyBanc Capital Markets Neil Tyler - Redburn Operator Good morning, and welcome to the United Rentals Investor Conference Call. Please be advised that this call is ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ___________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-14387 Commission File Number 1-13663 ___________________________________ United Rentals, Inc. ...

United Rentals, Inc. (NYSE:URI) Q4 2022 Earnings Conference Call January 26, 2023 11:00 AM ET Company Participants Matt Flannery - President and Chief Executive Officer Ted Grace - Chief Financial Officer Conference Call Participants David Raso - Evercore ISI Steven Fisher - UBS Rob Wertheimer - Melius Research Seth Weber - Wells Fargo Timothy Thein - Citigroup Jerry Revich - Goldman Sachs Michael Feniger - Bank of America Ken Newman - KeyBanc Capital Markets Stanley Elliott - Stifel Scott Schneeberger - Op ...