Transaction Overview - Platinum Equity announced the sale of BluRoc LLC to Mollitiam Holdings, with financial terms undisclosed [1] - BluRoc provides temporary and permanent access roads, midstream projects, renewable infrastructure, access matting, environmental controls, land clearing, and bridge installation services [1] - The sale marks Platinum Equity's final exit from its Yak Access investment, which included BluRoc [4] Company Background - BluRoc was acquired by Yak Access in 2017 to provide access road and clearing services in the Northeast [6] - BluRoc specializes in creating access solutions for challenging terrain, including building mat roads, permanent and temporary access roads, bridges, and land clearing services [6] - Platinum Equity acquired a controlling stake in Yak Access in 2018 from Jones Companies and Beasley Forest Products [4] Strategic Impact - Platinum Equity expressed pride in the value created during its six-year ownership of BluRoc, navigating challenges such as Covid-19 and oil and gas market fluctuations [2] - BluRoc's leadership team is optimistic about the new opportunities under Mollitiam Holdings, aiming to continue innovation in access solutions [3] Financial Advisory - Palm Tree served as financial advisor and Morgan Lewis provided legal counsel to Platinum Equity on the sale of BluRoc [3] Platinum Equity Overview - Platinum Equity is a global investment firm with over $48 billion in assets under management and a portfolio of approximately 50 operating companies [5] - The firm specializes in mergers, acquisitions, and operations, having completed more than 450 acquisitions over 28 years [5] Previous Transaction - BluRoc was previously owned by Yak Access, which Platinum Equity sold to United Rentals, Inc for approximately $1.1 billion in cash in March [7]

After all, a huge surge in demand fueled by low rates and stimulus packages ruled by many governments created a huge pull-forward effect. No wonder we are now seeing automakers, and other heavy machinery producers face a decline in orders while feeling new pressure on margins. Data by YCharts One may ask: why do customers rent instead of buying the equipment they need? Well, the answer is multifaceted. This means United Rentals will benefit from strong infrastructure spending and the manufacturing reshoring ...

July 25th ended up being a really great day for shareholders of United Rentals (NYSE:URI). The company, which primarily engages in the renting out of equipment like aerial work platforms, air compressors, and more, saw its shares closed up 5.4%. This came in spite of management reporting financial results covering the second quarter of the 2024 fiscal year that fell short of expectations from a revenue and earnings perspective. The push higher almost certainly was because of increased guidance for the year ...

() United Rentals* Second Quarter 2024 Investor Presentation () United Rentals: Work United® Introductory information Unless otherwise specified, the information in this presentation, including forward-looking statements, is as of our most recent earnings call held on July 25, 2024. 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 1934 ...

United Rentals, Inc. (NYSE:URI) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matthew Flannery - President and CEO William Ted Grace - EVP and CFO Conference Call Participants David Raso - Evercore ISI Robert Wertheimer - Melius Research Timothy Thein - Raymond James Jamie Cook - Truist Securities Jerry Revich - Goldman Sachs Michael Feniger - Bank of America Tami Zakaria - JPMorgan Kyle Menges - Citigroup Angel Castillo - Morgan Stanley Steven Fisher - UBS Neil Tyler - Redb ...

The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +2.10%, with the consensus EPS estimate being $10.48. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenues- Equipment rentals: $3.22 billion compared to the $3.20 billion aver ...

United Rentals, Inc. 100 First Stamford Place, Suite 700 Stamford, CT 06902 Telephone: 203 622 3131 unitedrentals.com United Rentals Announces Record Second Quarter Results and Reaffirms Mid-Points of 2024 Guidance Second Quarter 2024 Highlights 2 1 2024 Outlook The company has narrowed the outlook ranges for revenue and adjusted EBITDA , and has reaffirmed the mid-points of its 2024 outlook, as reflected below. 7 6 6 Exhibit 99.1 1 STAMFORD, Conn. – July 24, 2024 – United Rentals, Inc. (NYSE: URI) today an ...

defined in the applicable debt agreements) and usage of the ABL facility as of June 30, 2024, we met the criteria under the applicable debt agreements for these exceptions, and as a result we were not restricted in our ability to make share repurchases and dividend payments. Sources and Uses of Cash. During the six months ended June 30, 2024, we (i) generated cash from operating activities of $2.294 billion, (ii) generated cash from the sale of rental and non-rental equipment of $778 and (iii) received cash ...

United Rentals stock has gained 12.8% year to date, outperforming the Zacks Building Products - Miscellaneous industry's 4.9% growth. The company has been gaining from the sustained demand in its end markets and the strength of its core rental business. The Zacks Consensus Estimate has witnessed an uptrend over the past 30 days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate for 2024 earnings increased to $44.01 from $43.71 per share. The estimated figure calls for ...

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