United Rental Stock Price, News & Analysis

United Rentals reported strong financial results for Q2 2022, with total revenue reaching $2.771 billion and a net income of $493 million, marking a year-over-year increase of 68.3%. The company raised its full-year revenue guidance to $11.4 billion to $11.7 billion and adjusted EBITDA to $5.4 billion to $5.55 billion. Fleet productivity improved by 11.3%, and free cash flow stood at $964 million. The company achieved a net leverage ratio of 2.0x and has $2.83 billion in liquidity as of June 30, 2022.

United Rentals, Inc. (NYSE: URI) released its tenth Corporate Responsibility Report, showcasing achievements in 2021 under the theme 'Work United™: Building a Sustainable Future Together.' Key highlights include a 17% reduction in U.S. OSHA recordable incidents, diverse employees occupying 31.3% of sales and management roles, and spending around $1 billion with diverse suppliers. Furthermore, 2022 commitments encompass purchasing over 500 electric vehicles and striving for a 35% reduction in greenhouse gas emissions by 2030. The report aligns with GRI guidelines, SASB index, and TCFD recommendations.

United Rentals, Inc. (NYSE: URI) has partnered with Turner Construction to provide sustainable solutions, including all-electric trucks and zero-emission power systems, for a hyperscale data center project in Kansas City, Missouri, for Meta. The initiative aims to reduce environmental impact and support the goal of net-zero emissions by 2030. The equipment includes the Ford F-150 Lightning with a range of 320 miles and a 9.6kW Pro Power onboard generator. This collaboration will also help United Rentals identify more projects for emissions-saving solutions.

United Rentals, Inc. (NYSE: URI) will host its second quarter 2022 conference call on Thursday, July 28, 2022 at 11:00 a.m. ET, featuring CEO Matt Flannery and CFO Jessica Graziano. The second quarter press release will be available after market close on July 27. Interested parties can join the call by dialing 800-459-5343 domestically or 203-518-9553 internationally with passcode 19728. The call will also be webcast and archived on unitedrentals.com.

United Rentals, Inc. (NYSE: URI) announced the departure of CFO Jessica Graziano effective July 29, 2022, for another opportunity. She joined the company in 2014 and became CFO in 2018, ensuring a transition to interim CFO Ted Grace, who has been with the firm since 2016. CEO Matthew Flannery acknowledged Graziano's leadership during significant growth and macro disruptions. United Rentals remains the largest equipment rental company globally, with 1,301 locations and approximately 20,850 employees across North America, Europe, Australia, and New Zealand.

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has selected Sonos Inc. (NASDAQ: SONO) as the "Stock to Study" and United Rentals Inc. (NYSE: URI) as the "Undervalued Stock" for the August 2022 issue. This decision comes amid recent share-price declines in the market. Ken Zendel, CEO of the National Association of Investors, emphasized the importance of reviewing investment strategies to avoid common mistakes. Investors can utilize BetterInvesting’s online tools to assess these stocks further.

United Rentals, Inc. (NYSE: URI) has announced a significant partnership with Ford Pro to enhance its fleet with all-electric vehicles, including orders for 500 F-150 Lightning trucks and 30 E-Transit vans. The electric trucks feature a maximum range of 320 miles and a towing capacity of 10,000 lbs. The company aims to help customers reduce greenhouse gas emissions, targeting a 35% reduction by 2030 from 2018 levels. Deliveries are expected in 2022, with a plan to provide charging solutions for these vehicles.

United Rentals (NYSE: URI) reported a strong Q1 2022, achieving total revenue of $2.524 billion, with rental revenue rising 30.5% year-over-year to $2.175 billion. The company recorded a net income of $367 million, representing an 80.8% increase, and an adjusted EBITDA of $1.139 billion. Notably, fleet productivity increased by 13% and gross margins improved due to higher pricing. In response to robust project activity, the firm raised its full-year guidance for total revenue and adjusted EBITDA, projecting totals between $11.1 billion and $11.5 billion.

United Rentals, Inc. (NYSE: URI) announced plans to redeem $500 million of its 5.50% Senior Notes due 2027 on May 21, 2022. The redemption price is 102.75% of the principal amount, plus accrued interest. Registered noteholders will receive a notice of redemption by April 21, 2022. URNA will utilize cash and borrowing from a secured asset-based credit facility for this purpose. The redemption is contingent on sufficient funds being available. This notice does not constitute a solicitation for offers to buy securities.