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United Rentals (URI) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-07-23 23:01
Core Insights - United Rentals reported revenue of $3.94 billion for the quarter ended June 2025, reflecting a 4.5% increase year-over-year, and EPS of $10.47, slightly down from $10.70 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $3.91 billion by 0.86%, while the EPS fell short of the consensus estimate of $10.54 by 0.66% [1] Revenue Breakdown - Equipment rentals generated $3.42 billion, surpassing the average estimate of $3.34 billion, marking a 6.2% year-over-year increase [4] - Sales of rental equipment totaled $317 million, below the average estimate of $358.01 million, representing a 13.2% decline year-over-year [4] - Service and other revenues reached $95 million, slightly below the average estimate of $96.27 million, with a year-over-year increase of 5.6% [4] - Contractor supplies sales amounted to $41 million, slightly below the average estimate of $41.45 million, reflecting a 2.4% decrease year-over-year [4] - Sales of new equipment were $75 million, exceeding the average estimate of $66.89 million, with a significant year-over-year increase of 23% [4] Gross Margin Analysis - Gross margin from sales of rental equipment was $146 million, below the average estimate of $161.38 million [4] - Gross margin from contractor supplies sales was $13 million, slightly above the average estimate of $12.76 million [4] - Gross margin from equipment rentals was $1.32 billion, in line with the average estimate of $1.3 billion [4] - Gross margin from service and other revenues was $39 million, exceeding the average estimate of $37.63 million [4] - Gross margin from sales of new equipment was $14 million, above the average estimate of $12.41 million [4] - Specialty equipment rentals gross margin was $525 million, surpassing the average estimate of $492.48 million [4] - General rentals gross margin was $796 million, slightly below the average estimate of $809.41 million [4] Stock Performance - United Rentals shares have returned +6.8% over the past month, outperforming the Zacks S&P 500 composite's +5.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
Total Energy Services Inc. Announces 2025 Second Quarter Conference Call and Webcast
Globenewswire· 2025-07-07 13:54
Company Overview - Total Energy Services Inc. is headquartered in Calgary, Alberta, and provides contract drilling services, equipment rentals, transportation services, well servicing, and compression and process equipment and service to the energy and other resource industries from operation centers in North America and Australia [4]. Financial Results Announcement - Total Energy will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2025 [1]. - The financial results will be released prior to the conference call, which is scheduled for August 6, 2025, at 9:00 a.m. (Mountain Time) [2]. Access to Conference Call - The conference call can be accessed by dialing (833) 752-3851 or (647) 846-8915 [2]. - A live webcast of the conference call will be available on Total Energy's website, and an archived version will be accessible shortly after the live event [3]. Contact Information - For further information, inquiries can be directed to Yuliya Gorbach, Vice-President Finance and Chief Financial Officer, at (403) 216-3920 or via email at investorrelations@totalenergy.ca [5].
Total Energy Services Inc. Acquires U.S. Rental Assets
Globenewswire· 2025-06-10 12:00
Core Points - Total Energy Services Inc. has announced the acquisition of a fleet of surface rental equipment in Oklahoma for U.S. $6.4 million, paid with cash on hand [1] - The acquisition includes approximately 280 pieces of rental equipment and a substantial inventory of ancillary equipment, marking a 30% increase in the Rentals and Transportation Services segment's U.S. fleet [2] - Total Energy provides various services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and resource industries [3]
Total Energy Services Inc. Reports on Voting From the Annual Meeting of Shareholders
Globenewswire· 2025-05-13 21:06
Core Points - Total Energy Services Inc. held its annual meeting of shareholders on May 13, 2025, with 25,209,233 common shares represented, accounting for 66.3% of the issued and outstanding shares [1] Voting Outcomes - The election of directors was successful for all nominees: - George Chow received 23,566,942 votes (99.6% for) [2] - Glenn Dagenais received 23,434,702 votes (99.1% for) [2] - Daniel Halyk received 23,619,795 votes (99.8% for) [2] - Jessica Kirstine received 23,436,823 votes (99.1% for) [2] - Tim McMillan received 23,605,915 votes (99.8% for) [2] - Ken Mullen received 20,601,943 votes (87.1% for) [2] - The appointment of MNP LLP as auditors was also approved with 25,144,350 votes (99.7% for) [2] Company Overview - Total Energy provides various services including contract drilling, equipment rentals, transportation services, well servicing, and compression and process equipment to the energy and resource industries, operating in North America and Australia [2]