Welcome to our dedicated page for United Rental news (Ticker: URI), a resource for investors and traders seeking the latest updates and insights on United Rental stock.
United Rentals, Inc. (NYSE: URI) is described in its public communications as the largest equipment rental company in the world, with an integrated network of rental locations across North America, Europe, Australia and New Zealand. This news page aggregates company announcements, press releases and other updates related to URI, giving readers a single place to review the latest information the company has chosen to disclose.
Visitors can expect news items that cover a range of topics important to understanding United Rentals’ business. Recent releases include details on quarterly financial results and outlook, such as rental revenue performance, fleet productivity, adjusted EBITDA and free cash flow, as well as information on capital allocation, dividends and share repurchase programs. The company also issues news on financing activities, including private offerings of senior notes, planned redemptions of existing notes and amendments to its senior secured asset-based revolving credit facility.
United Rentals uses its news releases to highlight developments in digital tools and technology, such as Smart Suggestions, Equipment Fit Augmented Reality and the Manual Assist AI application built with Amazon Web Services. Additional announcements describe safety and training initiatives, including the Confined Space Safety Training for Competent Persons Program offered through United Academy and trench safety services that support confined space and excavation work.
By reviewing the URI news feed, investors and other interested readers can see how United Rentals presents its operations, innovation strategy, financing decisions and safety programs over time. This page can be revisited to read new earnings releases, capital markets updates, product and technology launches, and training or safety-related announcements as they are issued by the company.
United Rentals, Inc. (NYSE: URI), the largest equipment rental company globally, will host an Investor Day on May 31, 2023, in New York City. The event, starting at 1:00 p.m. (ET) and ending around 4:15 p.m. (ET), will feature the company's President and CEO, Matt Flannery, along with the executive team, discussing the company's strategy and financial performance. Attendance is by invitation only and requires advanced registration. A live audio webcast and presentation materials will be accessible on the Investor Relations section of United Rentals' website. Participants can view the replay within 24 hours post-event, available for 12 months. United Rentals operates 1,462 locations across North America, Europe, Australia, and New Zealand, employing approximately 24,600 people and offering around 4,600 equipment classes for rent.
United Rentals, Inc. (NYSE: URI) has announced its 2023 Spring Used Equipment Sale event on March 23, taking place at 176 locations across the United States and Canada. This sale features a wide variety of well-maintained used equipment, including over 4,000 classes like aerial work platforms and earthmoving machines, allowing companies and government organizations to purchase quality machinery at lower prices. The event aims to help businesses expand their fleets cost-effectively, especially in preparation for the busy spring construction season. For more details, visit the United Rentals Used Equipment webpage.
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United Rentals, Inc. (NYSE: URI) has surpassed 335,000 telematics-equipped equipment units in its rental fleet, enhancing productivity and safety on jobsites. Telematics technology allows customers to track the condition, utilization, location, and performance of their equipment, which in turn improves operational efficiency. The technology leads to better equipment uptime, optimized utilization, enhanced safety, and supports sustainability initiatives by providing insights into environmental impacts. United Rentals operates 1,462 rental locations across North America, Europe, Australia, and New Zealand, offering around 4,600 equipment classes.
United Rentals, Inc. (NYSE: URI) will participate in the 15th Annual Evercore ISI Industrial Conference on March 7, 2023. The presentation will feature CEO Matt Flannery and CFO Ted Grace, starting at 3:00 p.m. ET. Investors can access the presentation at this link or on www.ur.com where it will be archived for 30 days. United Rentals is the largest equipment rental company globally, operating 1,462 locations across North America, Europe, Australia, and New Zealand, with a workforce of around 24,600 employees.
United Rentals, Inc. (NYSE: URI) will participate in the Citi 2023 Global Industrial Tech and Mobility Conference on February 22, 2023. The presentation, led by CEO Matt Flannery and CFO Ted Grace, is scheduled for 4:20 p.m. ET. Interested parties can access the presentation via this link, with an archived version available on www.ur.com for 30 days after the event. United Rentals is the largest equipment rental company worldwide, featuring 1,462 rental locations across North America, Europe, Australia, and New Zealand, offering about 4,600 equipment classes with a total original cost of $19.61 billion.
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United Rentals (URI) reported strong fourth-quarter and full-year 2022 results, including total revenue of $3.296 billion and net income of $639 million, marking a year-over-year revenue growth of 18.8%. The company initiated a $1.48 per share quarterly dividend, yielding approximately 1.5%, and plans to repurchase $1 billion in stock in 2023. For 2023, URI expects revenue between $13.7 billion and $14.2 billion and adjusted EBITDA between $6.6 billion and $6.85 billion. The CEO emphasized the integration of Ahern Rentals and the company's robust cash flow, projecting to return $1.4 billion to shareholders this year, underscoring a commitment to long-term value creation.
United Rentals, Inc. (NYSE: URI) has been named a Glassdoor Employees’ Choice Award winner, recognized as one of the Best Places to Work in 2023. This award is unique as it relies solely on anonymous employee feedback collected from October 2021 to October 2022. The selection process considers various workplace attributes, including company rating and career opportunities. The organization's commitment to workforce development, safety, and diversity has been highlighted, as it also maintains an award-winning safety program.