Core Viewpoint - United Rentals, Inc. is expected to report its first-quarter 2025 results on April 23, with adjusted earnings per share (EPS) anticipated to decrease from the previous year, while revenues are projected to show modest growth driven by infrastructure demand [1][2][4]. Revenue Expectations - The Zacks Consensus Estimate for first-quarter adjusted earnings is $8.90 per share, reflecting a 2.7% decrease from $9.15 per share in the same quarter last year [2]. - Revenue is projected at $3.57 billion, indicating a 2.6% growth compared to the prior-year quarter [3]. - Revenue growth is expected to be supported by ongoing demand from large infrastructure projects, including data centers, semiconductor manufacturing, and energy infrastructure [4]. Segment Performance - General Rentals, which contributed 70.7% to total revenues in 2024, is expected to see a slight revenue decline of 0.4% to $2.54 billion, while Specialty Rentals are projected to increase by 11.8% to $1.05 billion year-over-year [6]. - Equipment Rentals, accounting for 83.6% of total revenues in the last quarter, is expected to grow by 3.9% to $3.04 billion [7][8]. Earnings and Margins - Despite revenue growth, margin pressures are anticipated due to a higher proportion of lower-margin revenue sources and investments in growth initiatives [9]. - Adjusted EBITDA is expected to grow by 1.1% year-over-year to $1.6 billion, but the adjusted EBITDA margin is projected to decline by 70 basis points to 44.8% [10][11]. Earnings Prediction - The model does not predict an earnings beat for United Rentals, with an Earnings ESP of -1.11% and a Zacks Rank of 3 (Hold) [12].

Wall Street analysts expect United Rentals (URI) to post quarterly earnings of $8.91 per share in its upcoming report, which indicates a year-over-year decline of 2.6%. Revenues are expected to be $3.57 billion, up 2.6% from the year-ago quarter.The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a compan ...

United Rentals (URI) shares soared 10.7% in the last trading session to close at $611.12. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.1% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, United Rentals shares soared, reflecting renewed investor optimism.This equipment rental company is expected to post quarterly earnings of $8.92 per share in its up ...

Group 1 - United Rentals (NYSE: URI) announced it will not increase its offer for H&E Equipment Services (HESS), indicating a disciplined capital allocation strategy that is viewed positively for its shareholders [1] Group 2 - Tomas Riba, an economist and former CFO, focuses on investing in high-quality companies with strong competitive advantages, operating in growing industries, and exhibiting expanding margins and low debt [2]

Group 1 - United Rentals, Inc. is positioned to benefit from a strong pipeline of mega-projects, with high demand in data centers, manufacturing, power, and construction markets [1] - The demand is driven by secular trends, particularly the reshoring of manufacturing [1] Group 2 - The company is expected to leverage its strengths in various sectors to capitalize on growth opportunities [1]

Core Viewpoint - United Rentals, Inc. (URI) reported mixed fourth-quarter 2024 results, with earnings per share (EPS) missing estimates while revenues exceeded expectations, both showing year-over-year improvement [1][4]. Financial Performance - Adjusted EPS for the fourth quarter was $11.59, missing the Zacks Consensus Estimate of $11.77 by 1.5%, but increased 2.9% from the prior year's adjusted figure of $11.26 [4]. - Total revenues reached $4.095 billion, surpassing the consensus mark of $3.942 billion by 3.9%, and grew 9.8% year-over-year [4]. - For the full year, total revenues were $15.345 billion, up 7.1%, and adjusted earnings were $43.17 per share, reflecting a 6% increase from 2023 [11]. Segment Performance - Equipment Rentals revenues increased 9.7% year-over-year to $3.422 billion, marking a record high for the fourth quarter [5]. - General Rentals segment saw a 2.2% year-over-year growth in rental revenues to $2.339 billion, with rental gross margin contracting 170 basis points to 37.4% [7]. - Specialty segment rental revenues improved 30.5% year-over-year to $1.083 billion, with a gross margin contraction of 170 basis points to 45.5% [8]. Margins and EBITDA - Total equipment rentals' gross margin contracted 130 basis points year-over-year to 40% [9]. - Adjusted EBITDA for the reported period grew 5% year-over-year to $1.9 billion, with an adjusted EBITDA margin contracting 210 basis points to 46.4% [9]. Cash Flow and Shareholder Returns - Net cash from operating activities decreased 3.4% year-over-year to $4.546 billion, while free cash flow fell 10.8% to $2.065 billion [13]. - The company returned $1.934 billion to shareholders in 2024, including $1.5 billion through share repurchases and $434 million in dividends [13]. - A 10% increase in the quarterly dividend was approved, with a declared dividend of $1.79 per share [13]. 2025 Guidance - Total revenues for 2025 are expected to be in the range of $15.1-$15.3 billion, with adjusted EBITDA anticipated between $7.115 billion and $7.215 billion [14]. - Net rental capital expenditure is projected to be between $2.2-$2.5 billion [14].

Fourth Quarter – Full Year 2024 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 January 30, 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 Exc ...

Core Insights - United Rentals (URI) reported revenue of $4.1 billion for the quarter ended December 2024, reflecting a year-over-year increase of 9.8% [1] - The earnings per share (EPS) for the quarter was $11.59, up from $11.26 in the same quarter last year, although it fell short of the consensus estimate of $11.77 by 1.53% [1] - The reported revenue exceeded the Zacks Consensus Estimate of $3.94 billion, resulting in a positive surprise of 3.89% [1] Revenue Breakdown - Equipment rentals generated $3.42 billion, surpassing the six-analyst average estimate of $3.34 billion, with a year-over-year increase of 9.7% [4] - Service and other revenues amounted to $86 million, slightly above the average estimate of $84.13 million, marking a 3.6% year-over-year change [4] - Contractor supplies sales reached $39 million, exceeding the average estimate of $37.72 million, representing an 8.3% increase year over year [4] - Sales of new equipment were reported at $96 million, significantly higher than the average estimate of $56.41 million, showing an impressive year-over-year growth of 84.6% [4] - Sales of rental equipment totaled $452 million, above the average estimate of $422.76 million, with a year-over-year increase of 3.2% [4] - Specialty contractor supplies sales were $17 million, exceeding the estimated $15.49 million, reflecting a 21.4% year-over-year change [4] - Specialty equipment rentals generated $1.08 billion, surpassing the average estimate of $1.01 billion, with a year-over-year increase of 30.5% [4] - Specialty sales of new equipment reached $29 million, above the average estimate of $26.34 million, marking a 26.1% year-over-year increase [4] - Specialty sales of rental equipment were $57 million, exceeding the average estimate of $45.20 million, with a year-over-year growth of 46.2% [4] - Specialty service and other revenues were reported at $8 million, slightly above the estimated $7.48 million, but showing an 11.1% decrease year over year [4] - General rentals generated $2.90 billion, surpassing the two-analyst average estimate of $2.81 billion, with a year-over-year increase of 3.1% [4] - General rentals service and other revenues were $78 million, exceeding the average estimate of $65.25 million, reflecting a 5.4% year-over-year change [4] Stock Performance - United Rentals shares have returned +8.9% over the past month, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - United Rentals reported quarterly earnings of $11.59 per share, missing the Zacks Consensus Estimate of $11.77 per share, but showing an increase from $11.26 per share a year ago, indicating a -1.53% earnings surprise [1] Financial Performance - The company posted revenues of $4.1 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.89%, compared to year-ago revenues of $3.73 billion [2] - Over the last four quarters, United Rentals has exceeded consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - United Rentals shares have increased approximately 8.9% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $9.22 on revenues of $3.59 billion, and for the current fiscal year, it is $46.06 on revenues of $15.76 billion [7] Industry Context - The Building Products - Miscellaneous industry, to which United Rentals belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, which may impact stock performance [8]

Financial Performance - Total revenue for Q4 2024 reached $4.095 billion, with rental revenue of $3.422 billion, marking a year-over-year increase of 9.7%[7] - Net income for Q4 2024 was $689 million, with a net income margin of 16.8%, reflecting a 1.5% increase year-over-year[13] - Adjusted EBITDA for Q4 2024 was $1.900 billion, with an adjusted EBITDA margin of 46.4%, a decrease of 210 basis points from the previous year[13] - Net income for the year ended December 31, 2024, was $2,575 million, compared to $2,424 million in 2023, reflecting a 6.2% increase[25] - Diluted earnings per share for Q4 2024 were $10.47, an increase from $10.01 in Q4 2023[25] - Diluted earnings per share for the year ended December 31, 2024, was $38.69, up from $35.28 in 2023, reflecting a 6.8% increase[36] - The net income margin for Q4 2024 was 16.8%, slightly down from 18.2% in Q4 2023[44] - The adjusted EBITDA margin for the year ended December 31, 2024, was 46.7%, compared to 47.8% in 2023[44] Revenue Breakdown - Equipment rentals contributed $3,422 million to revenues, up 9.7% from $3,119 million year-over-year[25] - Total equipment rentals revenue for the three months ended December 31, 2024, was $3,422 million, representing a 9.7% increase compared to $3,119 million in 2023[34] - Specialty equipment rentals revenue increased by 30.5% year-over-year for the three months ended December 31, 2024, reaching $1,083 million[34] Cash Flow and Liquidity - Net cash provided by operating activities for 2024 was $4.546 billion, with free cash flow of $2.058 billion[7] - Net cash provided by operating activities for the year ended December 31, 2024, was $4,546 million, down from $4,704 million in 2023, a decrease of 3.4%[49] - Net cash provided by operating activities for Q4 2024 was $1,048 million, down from $1,414 million in Q4 2023, a decline of 26%[49] - Free cash flow for Q4 2024 was $847 million, a decrease from $1,149 million in Q4 2023, indicating a decline of 26.3%[49] Shareholder Returns - The company returned $1.934 billion to shareholders in 2024, including $1.500 billion in share repurchases and $434 million in dividends[7] - A 10% increase in the quarterly dividend was approved, resulting in a dividend of $1.79 per share payable on February 26, 2025[17] - The company declared dividends of $1.63 per share in Q4 2024, up from $1.48 in Q4 2023[25] Future Outlook - The 2025 outlook projects total revenue between $15.6 billion and $16.1 billion, with adjusted EBITDA expected to be between $7.2 billion and $7.45 billion[9] - The company plans net rental capital expenditures of $2.2 billion to $2.5 billion for 2025, after gross purchases of $3.65 billion[9] - The company expects free cash flow for 2025 to be between $2,000 million and $2,200 million, excluding merger and restructuring related payments[51] - Future outlook includes continued investment in new technologies and market expansion efforts[21] Asset and Debt Management - The company’s total assets increased to $28,163 million in 2024, up from $25,589 million in 2023[27] - Long-term debt rose to $12,228 million in 2024, compared to $10,053 million in 2023, indicating increased leverage[27] - The net leverage ratio at year-end 2024 was 1.8x, with total liquidity of $2.845 billion[17] Operational Efficiency - Fleet productivity increased by 4.3% year-over-year, with a 2.0% increase when excluding the impact of the Yak acquisition[7] - The company’s total equipment rentals gross profit for the year ended December 31, 2024, was $5,198 million, an 8.0% increase from $4,814 million in 2023[34] - The gross margin for total equipment rentals decreased by 130 basis points to 40.0% for the three months ended December 31, 2024[34] - The year-over-year change in average owned equipment cost (OEC) for the three months ended December 31, 2024, was 4.1%[32] Restructuring and Acquisitions - The company incurred total restructuring charges of $383 million since 2008, with no open restructuring programs currently[44] - The company is focused on closing the H&E acquisition and expects to increase its leverage ratio as part of this strategy[21]