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 (NYSE: URI) will participate in the Evercore ISI 14th Annual Industrial Conference on February 28, 2022. The event features a presentation by CEO Matt Flannery and CFO Jessica Graziano, starting at 11:00 a.m. ET. The presentation can be accessed live via this link and will also be archived on unitedrentals.com for thirty days.
As the largest equipment rental company globally, United Rentals operates 1,288 locations across North America, Europe, Australia, and New Zealand.
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The National Safety Council (NSC) recognized United Rentals, Inc. (NYSE: URI) CEO Matt Flannery as one of the 2022 CEOs Who 'Get It'. This accolade honors leaders who prioritize employee safety on and off the job. NSC emphasized that Flannery's safety strategy includes risk reduction, performance measurement, safety management, and employee engagement. United Rentals, the world's largest equipment rental company, operates 1,288 locations worldwide and employs around 20,400 staff, offering over 4,300 types of equipment.
United Rentals, Inc. (URI) reported strong fourth-quarter 2021 results, with total revenue of $2.776 billion and net income of $481 million, marking a 62% year-over-year increase. The company announced a new $1 billion share repurchase program to enhance shareholder value. Adjusted EBITDA rose 26.2% to $1.309 billion, with a margin of 47.2%. For 2022, URI projects total revenue between $10.65 billion and $11.05 billion, reflecting optimism in customer demand and market conditions.
United Rentals, Inc. (NYSE: URI) will hold its fourth quarter and full year 2021 conference call on January 27, 2022, at 11:00 a.m. ET. CEO Matt Flannery and CFO Jessica Graziano will present. The press release detailing the financial results will be available after market close on January 26. United Rentals is the largest equipment rental company globally, with a network of 1,278 locations across North America, Europe, Australia, and New Zealand.
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United Rentals, Inc. (NYSE: URI) posted its third-quarter 2021 results, reporting a total revenue of $2.596 billion, with rental revenue of $2.277 billion—an increase of 22.4% year-over-year. The company raised its full-year guidance for total revenue and adjusted EBITDA. Despite a reduction in free cash flow projections to $1.45 billion to $1.65 billion, net income surged by 96.6% to $409 million, reflecting a net income margin of 15.8%. Adjusted EBITDA was $1.233 billion, a 14.1% increase from last year, with a margin of 47.5%. Fleet productivity also improved by 13.5% year-over-year.
United Rentals, Inc. (NYSE: URI) released its ninth Corporate Responsibility Report, showcasing achievements in 2020 and plans for 2021. Key points include a commitment to reduce greenhouse gas emissions by 35% by 2030 and a consistent U.S. safety incident rate below 1.0. The company has shifted towards low- and zero-emission equipment, with electric or hybrid units comprising 20% of its fleet. CEO Matthew Flannery emphasized resilience amidst challenges. United Rentals was recognized as one of America's Most Responsible Companies for 2021 by Newsweek, marking its second consecutive year on the list.