United Rentals (URI) came out with quarterly earnings of $11.80 per share, missing the Zacks Consensus Estimate of $12.49 per share. This compares to earnings of $11.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.52%. A quarter ago, it was expected that this equipment rental company would post earnings of $10.48 per share when it actually produced earnings of $10.70, delivering a surprise of 2.10%.Over the last four qua ...

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 ...

[PART I. FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) Presents the unaudited condensed consolidated financial information for United Rentals, Inc. and its subsidiary [Item 1. Financial Statements](index=6&type=section&id=Item%201%20Financial%20Statements) Presents unaudited condensed consolidated financial statements, including balance sheets, income, comprehensive income, equity, and cash flows, with detailed notes [Condensed Consolidated Balance Sheets](index=6&type=section&id=United%20Rentals%2C%20Inc.%20Condensed%20Consolidated%20Balance%20Sheets) Details the company's financial position, including assets, liabilities, and equity, as of September 30, 2024, and December 31, 2023 | Metric | Sep 30, 2024 ($ millions) | Dec 31, 2023 ($ millions) | Change ($ millions) | Change (%) | | :--------------------------------------- | :------------------------ | :------------------------ | :------------------ | :--------- | | Cash and cash equivalents | $479 | $363 | $116 | 31.96% | | Accounts receivable, net | $2,396 | $2,230 | $166 | 7.44% | | Total current assets | $3,321 | $2,933 | $388 | 13.23% | | Rental equipment, net | $15,241 | $14,001 | $1,240 | 8.86% | | Goodwill | $6,853 | $5,940 | $913 | 15.37% | | Total assets | $28,412 | $25,589 | $2,823 | 11.03% | | Short-term debt and current maturities | $1,510 | $1,465 | $45 | 3.07% | | Accounts payable | $1,216 | $905 | $311 | 34.36% | | Total current liabilities | $4,026 | $3,637 | $389 | 10.70% | | Long-term debt | $11,884 | $10,053 | $1,831 | 18.21% | | Total liabilities | $19,831 | $17,459 | $2,372 | 13.59% | - Goodwill increased by **$913 million** (**15.37%**) from **$5.940 billion** at December 31, 2023, to **$6.853 billion** at September 30, 2024, primarily due to the Yak acquisition[11](index=11&type=chunk)[141](index=141&type=chunk) [Condensed Consolidated Statements of Income](index=7&type=section&id=United%20Rentals%2C%20Inc.%20Condensed%20Consolidated%20Statements%20of%20Income) Presents the company's revenues, expenses, and net income for the three and nine months ended September 30, 2024 and 2023 | Metric | Three Months Ended Sep 30, 2024 ($) | Three Months Ended Sep 30, 2023 ($) | Nine Months Ended Sep 30, 2024 ($) | Nine Months Ended Sep 30, 2023 ($) | | :------------------------------------ | :---------------------------------- | :---------------------------------- | :--------------------------------- | :--------------------------------- | | Equipment rentals ($ millions) | $3,463 | $3,224 | $9,607 | $8,945 | | Total revenues ($ millions) | $3,992 | $3,765 | $11,250 | $10,604 | | Gross profit ($ millions) | $1,648 | $1,585 | $4,512 | $4,251 | | Operating income ($ millions) | $1,122 | $1,099 | $2,978 | $2,764 | | Net income ($ millions) | $708 | $703 | $1,886 | $1,745 | | Basic earnings per share (per share) | $10.73 | $10.30 | $28.33 | $25.37 | | Diluted earnings per share (per share) | $10.70 | $10.29 | $28.25 | $25.30 | - Total Revenues for Q3 2024 increased by **$227 million** (**6.0%**) year-over-year to **$3.992 billion**, and for YTD Sep 2024 increased by **$646 million** (**6.1%**) year-over-year to **$11.250 billion**[14](index=14&type=chunk) - Net Income for Q3 2024 increased by **$5 million** (**0.7%**) year-over-year to **$708 million**, and for YTD Sep 2024 increased by **$141 million** (**8.1%**) year-over-year to **$1.886 billion**[14](index=14&type=chunk) [Condensed Consolidated Statements of Comprehensive Income](index=8&type=section&id=United%20Rentals%2C%20Inc.%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Details net income and other comprehensive income components for the three and nine months ended September 30, 2024 and 2023 | Metric | Three Months Ended Sep 30, 2024 ($ millions) | Three Months Ended Sep 30, 2023 ($ millions) | Nine Months Ended Sep 30, 2024 ($ millions) | Nine Months Ended Sep 30, 2023 ($ millions) | | :------------------------------------ | :------------------------------------------- | :------------------------------------------- | :------------------------------------------ | :------------------------------------------ | | Net income | $708 | $703 | $1,886 | $1,745 | | Foreign currency translation adjustments | $55 | $(27) | $(9) | $(3) | | Comprehensive income | $763 | $676 | $1,877 | $1,741 | - Comprehensive Income for Q3 2024 increased by **$87 million** (**12.9%**) year-over-year to **$763 million**, driven by positive foreign currency translation adjustments[16](index=16&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=9&type=section&id=United%20Rentals%2C%20Inc.%20Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Outlines changes in stockholders' equity, including net income, dividends, and stock repurchases, for the nine months ended September 30, 2024 | Metric | Balance at Dec 31, 2023 ($) | Net Income (YTD Sep 2024) ($) | Dividends Declared (YTD Sep 2024) ($) | Repurchase of Common Stock (YTD Sep 2024) ($) | Balance at Sep 30, 2024 ($) | | :------------------------------------ | :-------------------------- | :---------------------------- | :------------------------------------ | :-------------------------------------------- | :-------------------------- | | Common Stock Amount (actual) | $1 | — | — | — | $1 | | Additional Paid-in Capital ($ millions) | $2,650 | $79 (stock comp) - $43 (tax withholding) | — | — | $2,686 | | Retained Earnings ($ millions) | $11,672 | $1,886 | $(327) | — | $13,231 | | Treasury Stock Amount ($ millions) | $(5,965) | — | — | $(1,135) | $(7,100) | | Accumulated Other Comprehensive Loss ($ millions) | $(228) | $(9) (FX adj) | — | — | $(237) | - Retained Earnings increased by **$1.559 billion** from **$11.672 billion** at December 31, 2023, to **$13.231 billion** at September 30, 2024[20](index=20&type=chunk) - Common stock repurchases totaled **$1.135 billion** for the nine months ended September 30, 2024[20](index=20&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=United%20Rentals%2C%20Inc.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Summarizes cash inflows and outflows from operating, investing, and financing activities for the nine months ended September 30, 2024 and 2023 | Metric | Nine Months Ended Sep 30, 2024 ($ millions) | Nine Months Ended Sep 30, 2023 ($ millions) | | :------------------------------------ | :------------------------------------------ | :------------------------------------------ | | Net cash provided by operating activities | $3,498 | $3,290 | | Payments for purchases of rental equipment | $(3,178) | $(3,078) | | Purchases of other companies, net of cash acquired | $(1,342) | $(406) | | Net cash used in investing activities | $(3,633) | $(2,539) | | Proceeds from debt | $9,729 | $6,718 | | Payments of debt | $(7,964) | $(6,175) | | Common stock repurchased | $(1,168) | $(806) | | Dividends paid | $(326) | $(305) | | Net cash provided by (used in) financing activities | $254 | $(568) | | Net increase in cash and cash equivalents | $116 | $178 | | Cash and cash equivalents at end of period | $479 | $284 | - Net cash provided by operating activities increased by **$208 million** (**6.3%**) year-over-year to **$3.498 billion** for the nine months ended September 30, 2024[23](index=23&type=chunk) - Net cash used in investing activities increased significantly by **$1.094 billion** (**43.1%**) year-over-year to **$3.633 billion**, primarily due to a substantial increase in purchases of other companies[23](index=23&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations and disclosures for the financial statements, covering organization, acquisitions, debt, and other significant items - United Rentals, Inc. (Holdings) conducts operations primarily through its wholly-owned subsidiary, United Rentals (North America), Inc. (URNA), renting equipment to diverse customers in construction, industrial, and government sectors across North America, Europe, Australia, and New Zealand[25](index=25&type=chunk)[26](index=26&type=chunk) - On March 15, 2024, the company acquired Yak Access, LLC, Yak Mat, LLC, and New South Access & Environmental Solutions, LLC (collectively, "Yak") for **$1.158 billion**, providing entry into the matting market and enhancing exposure to energy and power verticals[57](index=57&type=chunk)[58](index=58&type=chunk) - Total debt increased to **$13.394 billion** at September 30, 2024, from **$11.518 billion** at December 31, 2023, driven by the issuance of **$1.100 billion** of **6 1/8%** Senior Notes due 2034 and amendments to existing credit facilities[85](index=85&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=Item%202%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Discusses the company's financial performance, condition, and operational results, covering economic impacts, strategic initiatives, and key financial metrics [Global Economic Conditions](index=28&type=section&id=Global%20Economic%20Conditions) Examines the impact of global economic factors, such as inflation and interest rates, on the company's operations and financial performance - Operations are impacted by global economic conditions, including inflation, interest rate fluctuations, and supply chain constraints[95](index=95&type=chunk) - Interest rates on debt instruments have increased; new senior notes in March 2024 were issued at **6 1/8%** compared to **3 ¾%** in August 2021. The weighted average interest rate on variable debt was **6.5%** for YTD Sep 2024, up from **1.4%** for FY 2021[95](index=95&type=chunk) [Executive Overview](index=28&type=section&id=Executive%20Overview) Provides a high-level summary of United Rentals' business, strategic focus areas, and operational footprint as the world's largest equipment rental company - United Rentals is the world's largest equipment rental company with **1,666 rental locations**, primarily operating in the United States and Canada[97](index=97&type=chunk) - Equipment rentals represented **85%** of total revenues for the nine months ended September 30, 2024[97](index=97&type=chunk) - Strategic focus areas include superior customer service (e.g., Total Control® software), optimization of customer and fleet mix, Lean management techniques, expansion of specialty and services products (e.g., Yak acquisition), and strategic acquisitions[98](index=98&type=chunk)[100](index=100&type=chunk) [Financial Overview](index=29&type=section&id=Financial%20Overview) Presents key financial metrics, including net income, EPS, EBITDA, and revenue breakdown, for the periods ended September 30, 2024 and 2023 - In 2024, the company issued **$1.1 billion** in senior notes, amended its term loan facility to increase size and extend maturity, and amended its accounts receivable securitization facility to increase size and extend maturity, enhancing financial flexibility and liquidity[101](index=101&type=chunk) - Available liquidity as of September 30, 2024, was **$2.866 billion**[101](index=101&type=chunk) | Metric | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :------------------------------------ | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Net income ($ millions) | $708 | $703 | $1,886 | $1,745 | | Diluted earnings per share (per share) | $10.70 | $10.29 | $28.25 | $25.30 | | EBITDA ($ millions) | $1,865 | $1,801 | $5,131 | $4,867 | | Adjusted EBITDA ($ millions) | $1,904 | $1,850 | $5,260 | $5,048 | | Net income margin (%) | 17.7% | 18.7% | 16.8% | 16.5% | | Adjusted EBITDA margin (%) | 47.7% | 49.1% | 46.8% | 47.6% | | Revenue Type | Q3 2024 ($ millions) | Q3 2023 ($ millions) | Q3 Change (%) | YTD 2024 ($ millions) | YTD 2023 ($ millions) | YTD Change (%) | | :-------------------------- | :------------------- | :------------------- | :------------ | :-------------------- | :-------------------- | :------------- | | Equipment rentals | $3,463 | $3,224 | 7.4% | $9,607 | $8,945 | 7.4% | | Sales of rental equipment | $321 | $366 | (12.3)% | $1,069 | $1,136 | (5.9)% | | Sales of new equipment | $77 | $52 | 48.1% | $186 | $166 | 12.0% | | Contractor supplies sales | $38 | $39 | (2.6)% | $116 | $110 | 5.5% | | Service and other revenues | $93 | $84 | 10.7% | $272 | $247 | 10.1% | | **Total revenues** | **$3,992** | **$3,765** | **6.0%** | **$11,250** | **$10,604** | **6.1%** | | **Equipment rentals variance components:** | | | | | | | | Year-over-year change in average OEC | | | 3.8% | | | 3.3% | | Assumed year-over-year inflation impact | | | (1.5)% | | | (1.5)% | | Fleet productivity | | | 3.5% | | | 4.1% | | Contribution from ancillary and re-rent revenue | | | 1.6% | | | 1.5% | | **Total change in equipment rentals** | | | **7.4%** | | | **7.4%** | [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Analyzes the company's revenues, segment performance, gross margins, and operating expenses for the periods ended September 30, 2024 and 2023 - For Q3 2024, General Rentals equipment rentals increased **0.9%** year-over-year, while Specialty equipment rentals increased **23.9%** (**14.8%** excluding the Yak acquisition)[126](index=126&type=chunk)[127](index=127&type=chunk) - For YTD Sep 2024, General Rentals equipment rentals increased **1.4%** year-over-year, and Specialty equipment rentals increased **23.4%** (**16.6%** excluding the Yak acquisition)[128](index=128&type=chunk) - Sales of new equipment increased **48.1%** for Q3 2024 and **12.0%** for YTD Sep 2024, primarily due to the Yak acquisition[129](index=129&type=chunk) | Metric | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :------------------------------------ | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Total gross margin (%) | 41.3% | 42.1% | 40.1% | 40.1% | | Equipment rentals gross margin (%) | 41.6% | 41.9% | 39.9% | 39.4% | | Sales of rental equipment gross margin (%) | 45.2% | 49.5% | 47.2% | 49.9% | | SG&A expense as a percentage of revenue (%) | 10.4% | 9.9% | 10.7% | 10.7% | | Restructuring charge ($ millions) | $1 | $5 | $3 | $24 | | Interest expense, net ($ millions) | $178 | $163 | $511 | $474 | - Restructuring charges decreased significantly by **87.5%** year-over-year for YTD Sep 2024 to **$3 million**, reflecting reduced charges from the Ahern Rentals acquisition restructuring program, with no open programs as of September 30, 2024[136](index=136&type=chunk)[139](index=139&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) Discusses the company's liquidity position, capital structure, debt obligations, share repurchase programs, and dividend payments - Available liquidity as of September 30, 2024, was **$2.866 billion**, comprising cash and cash equivalents, and availability under the ABL and accounts receivable securitization facilities[101](index=101&type=chunk)[144](index=144&type=chunk) - The company completed a **$1.25 billion** share repurchase program in Q1 2024 and initiated a new **$1.5 billion** program in January 2024, repurchasing **$875 million** through September 30, 2024[143](index=143&type=chunk) - Dividends paid for YTD Sep 2024 totaled **$326 million** (**$4.89 per share**), and a Q4 2024 dividend of **$1.63 per share** was declared[143](index=143&type=chunk) - The company was in compliance with all debt covenants as of September 30, 2024, and was not restricted in its ability to make share repurchases and dividend payments[149](index=149&type=chunk)[151](index=151&type=chunk) | Year | Debt and Finance Leases ($ millions) | Interest Due on Debt ($ millions) | Operating Leases ($ millions) | Purchase Obligations ($ millions) | Total ($ millions) | | :--------- | :--------------------------------- | :-------------------------------- | :---------------------------- | :-------------------------------- | :----------------- | | 2024 | $24 | $178 | $86 | $765 | $1,053 | | 2025 | $1,508 | $669 | $328 | $337 | $2,842 | | 2026 | $70 | $627 | $290 | $9 | $996 | | 2027 | $3,226 | $545 | $238 | — | $4,009 | | 2028 | $1,699 | $368 | $184 | — | $2,251 | | Thereafter | $6,939 | $845 | $381 | — | $8,165 | | **Total** | **$13,466** | **$3,232** | **$1,507** | **$1,111** | **$19,316** | - Free cash flow for the nine months ended September 30, 2024, was **$1.211 billion**, a slight increase from **$1.157 billion** in the prior year period[154](index=154&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=42&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Details the company's exposure to market risks, primarily interest rate and foreign currency exchange rate fluctuations, and their potential financial impact - As of September 30, 2024, **$4.3 billion** of indebtedness bears variable interest rates. A **one percentage point** increase in these rates would decrease annual after-tax earnings by approximately **$32 million**[164](index=164&type=chunk) - Foreign subsidiaries accounted for **9%** of total revenue (**$987 million**) and **7%** of total pretax income (**$178 million**) for the nine months ended September 30, 2024. A **10%** change in exchange rates is not expected to have a material impact on earnings[166](index=166&type=chunk) [Item 4. Controls and Procedures](index=43&type=section&id=Item%204%20Controls%20and%20Procedures) Confirms the effectiveness of disclosure controls and procedures and reports no material changes in internal control over financial reporting - Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2024[169](index=169&type=chunk) - There were no material changes in internal control over financial reporting during the quarter ended September 30, 2024[170](index=170&type=chunk) [PART II. OTHER INFORMATION](index=44&type=section&id=PART%20II%20OTHER%20INFORMATION) Presents additional information not covered in the financial statements, including legal proceedings, risk factors, equity sales, and exhibits [Item 1. Legal Proceedings](index=44&type=section&id=Item%201%20Legal%20Proceedings) Refers to legal and regulatory matters discussed in financial statement notes, indicating no expected material adverse effect from ordinary course claims - Information on legal proceedings is incorporated by reference from Note 8 to the unaudited condensed consolidated financial statements[172](index=172&type=chunk) [Item 1A. Risk Factors](index=44&type=section&id=Item%201A%20Risk%20Factors) Refers to comprehensive risk factors detailed in the company's Annual Report on Form 10-K, to be considered with the current report - Risk factors are described in the Annual Report on Form 10-K for the year ended December 31, 2023, and are incorporated by reference[173](index=173&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Provides details on common stock repurchases during Q3 2024 under the authorized share repurchase program - During Q3 2024, the company repurchased **539,888 shares** of common stock at an average price of **$697.76 per share**, with **$625 million** remaining under the current **$1.5 billion** program[174](index=174&type=chunk) - The company intends to repurchase a total of **$1.25 billion** under the **$1.5 billion** program in 2024 and complete the program by the end of Q1 2025[174](index=174&type=chunk) [Item 5. Other Information](index=44&type=section&id=Item%205%20Other%20Information) Notes that officers or directors may engage in non-Rule 10b5-1 trading arrangements for tax withholding related to stock awards - Officers or directors may make elections to have shares withheld or sold back to Holdings to cover withholding taxes, which may constitute non-Rule 10b5-1 trading arrangements[175](index=175&type=chunk) [Item 6. Exhibits](index=45&type=section&id=Item%206%20Exhibits) Lists exhibits filed with the Form 10-Q, including various agreements, corporate documents, certifications, and XBRL data files - Exhibits include Asset Purchase Agreements, Merger Agreements, Certificates of Incorporation, By-Laws, Subsidiary Guarantors list, Rule 13a-14(a) Certifications by CEO and CFO, Section 1350 Certifications by CEO and CFO, and XBRL Instance Document and Taxonomy Extensions[177](index=177&type=chunk)[178](index=178&type=chunk) [Signatures](index=46&type=section&id=SIGNATURES) Contains official signatures of authorized representatives, confirming the filing of the report - The report was signed by Andrew B. Limoges, Vice President, Controller and Principal Accounting Officer for both United Rentals, Inc. and United Rentals (North America), Inc. on October 23, 2024[180](index=180&type=chunk)

Core Viewpoint - United Rentals, Inc. is expected to report its third-quarter 2024 results on October 23, with adjusted earnings projected to increase by 6.5% year-over-year, while revenues are anticipated to grow by 6.1% [1][2]. Revenue Estimates - The Zacks Consensus Estimate for third-quarter adjusted earnings is $12.49 per share, up from $12.46 over the past 60 days, compared to $11.73 per share in the same quarter last year [2]. - Revenue estimates for the third quarter are set at $3.99 billion, reflecting a 6.1% increase from the prior-year quarter [2]. Factors Influencing Quarterly Results - Growth in the Specialty business, which contributed 29.7% to total revenues in the second quarter, is expected to drive revenues, alongside disciplined capital allocation [3]. - Challenges in the General Rentals segment, which accounted for 70.3% of total revenues in the second quarter, are noted due to local market dynamics and normalization of used equipment margins [3][4]. Segment Performance - General Rentals revenues are projected to increase by 6.2% to $2.92 billion, while Specialty revenues are expected to rise by 6.7% to $1.08 billion [5]. - Equipment Rentals, which made up 85.2% of total revenues in the second quarter, is anticipated to see a 5.1% year-over-year revenue increase to $3.39 billion [5]. Earnings and Margins - Adjusted EBITDA is expected to grow by 3.3% year-over-year to $1.91 billion, although the adjusted EBITDA margin is projected to decline to 47.7% from 49.1% a year ago [7]. - Gross margin is anticipated to contract to 41.3% from 42.1% in the previous year [7]. Strategic Developments - The acquisition of Yak is likely to enhance United Rentals' position in the North American matting industry and boost the Specialty segment's performance [6]. - The company has shifted focus and capital expenditure towards its Specialty business, investing in fleet expansion to improve margins and growth opportunities [4][6]. Earnings Prediction - The model indicates a potential earnings beat for United Rentals, supported by a positive Earnings ESP of +0.51% and a Zacks Rank of 3 (Hold) [8].

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...