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United Rentals(URI) - 2024 Q3 - Quarterly Results
2024-10-23 20:28
Exhibit 99.1 United Rentals, Inc. 100 First Stamford Place, Suite 700 Stamford, CT 06902 Telephone: 203 622 3131 unitedrentals.com United Rentals Announces Record Third Quarter Results and Reaffirms Mid-Points of 2024 Guidance 2 3 1 3 4 5 1 STAMFORD, Conn. – October 23, 2024 – 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 EBITDA , rental capital expendit ...
United Rentals(URI) - 2024 Q3 - Quarterly Report
2024-10-23 20:20
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, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-------------------------------------------------------------------------|-------------- ...
Factors Setting the Tone for United Rentals' Q3 Earnings
ZACKS· 2024-10-21 18:20
United Rentals, Inc. (URI) is scheduled to report its third-quarter 2024 results on Oct 23, after market close. In the last reported quarter, its adjusted earnings beat the Zacks Consensus Estimate by 2.1% but revenues missed the same by 0.02%. On a year-over-year basis, the top and bottom lines grew 6.2% and 8.3%, respectively. The company's earnings surpassed estimates in the trailing four quarters, the average surprise being 4.8%. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Ho ...
What Analyst Projections for Key Metrics Reveal About United Rentals (URI) Q3 Earnings
ZACKS· 2024-10-18 14:20
Wall Street analysts forecast that United Rentals (URI) will report quarterly earnings of $12.49 per share in its upcoming release, pointing to a year-over-year increase of 6.5%. It is anticipated that revenues will amount to $3.99 billion, exhibiting an increase of 6.1% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Pr ...
URI or MAS: Which Is the Better Value Stock Right Now?
ZACKS· 2024-10-02 16:46
Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of United Rentals (URI) and Masco (MAS) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emp ...
URI Unveils ProBox OnDemand for Enhanced Tool Management
ZACKS· 2024-10-02 16:26
United Rentals, Inc. (URI) launched ProBox OnDemand, an automated tool-tracking system that utilizes Bluetooth technology. This system helps ensure workers access the correct tools when and where needed. It also tracks tools in real-time, which significantly reduces the risk of tool loss on worksites. This innovation is part of the United Rentals Worksite Performance portfolio, which helps customers create connected worksites that enhance safety, productivity and sustainability. ProBox OnDemand utilizes Blu ...
All You Need to Know About United Rentals (URI) Rating Upgrade to Buy
ZACKS· 2024-09-25 17:05
Investors might want to bet on United Rentals (URI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a chan ...
Should Value Investors Buy United Rentals (URI) Stock?
ZACKS· 2024-09-25 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...
United Rentals, Inc. (URI) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-09-25 14:16
Have you been paying attention to shares of United Rentals (URI) ? Shares have been on the move with the stock up 8.9% over the past month. The stock hit a new 52-week high of $807.79 in the previous session. United Rentals has gained 39.9% since the start of the year compared to the 23.9% move for the Zacks Construction sector and the 21.7% return for the Zacks Building Products - Miscellaneous industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, a ...
PLATINUM EQUITY SELLS BLUROC TO MOLLITIAM HOLDINGS
Prnewswire· 2024-07-29 13:00
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]