Company Overview - United Rentals (URI) is a leading equipment rental company with a vast fleet of construction and industrial equipment across North America and Europe [3] - The company has experienced significant growth, with its stock soaring 1,100% over the past decade, outperforming both the Zacks Construction Sector and the S&P 500 [4] Financial Performance - URI has averaged 16% revenue growth and 36% GAAP earnings expansion over the past four years [10] - The company is projected to see a slowdown in growth, with anticipated sales growth of 4% in 2025 and 5% next year, following a period of substantial growth [10] - Earnings are expected to expand by 1% this year and 10% next year, supported by upward EPS revisions [10] Market Position and Valuation - URI's stock is currently trading 13% below its November highs and at a 6% discount to the Construction sector, as well as 22% below the S&P 500, with a forward earnings multiple of 17.6X [5][7] - The company is positioned for potential breakout opportunities, especially ahead of its upcoming Q2 earnings report [7] Strategic Initiatives - United Rentals has announced a new $1.5 billion share repurchase program, indicating confidence in its financial health and commitment to returning value to shareholders [13] - The company also pays a dividend, adding to its attractiveness for long-term investors [13] Industry Context - The ongoing investment super cycle in energy infrastructure and manufacturing/reshoring is benefiting United Rentals, contributing to its strong performance relative to market benchmarks [4]