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. reports news on its equipment rental business serving construction, industrial, utility, municipal and homeowner customers. Company updates commonly cover rental revenue, fleet productivity, adjusted EBITDA, guidance, capital allocation and quarterly dividends, along with activity across general rentals and specialty rental offerings.
Recurring developments also include digital and jobsite tools such as Worksite Performance Solutions, United Academy training programs, the Equipment Agent AI assistant and telematics integrations. Governance updates, board composition and investor conference participation appear alongside operating results and customer-focused safety initiatives.
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.
United Rentals, Inc. (NYSE: URI) will conduct its third quarter 2021 conference call on October 28, 2021, at 11:00 a.m. ET. CEO Matt Flannery and CFO Jessica Graziano will lead the discussion. The press release will be distributed after market close on October 27, 2021, and will be available on unitedrentals.com. United Rentals is the largest equipment rental company globally, operating from 1,275 locations across North America, Europe, Australia, and New Zealand, with approximately 19,900 employees and a total equipment cost of $15.06 billion.
United Rentals (NYSE: URI) announced its subsidiary, URNA, will redeem all of its $1.0 billion principal amount of 5.875% Senior Notes due 2026 on September 15, 2021. The redemption price is set at 102.938% of the principal amount plus accrued interest. URNA will use borrowings from its senior secured asset-based revolving credit facility for this redemption. The process is dependent on the availability of funds under this facility, which could delay the redemption if conditions are not met.
United Rentals, Inc. (NYSE: URI) has appointed Larry De Shon to its board of directors, increasing the board size to 12 members, with 10 independent directors. De Shon brings over 40 years of experience in transportation services, including a tenure as CEO of Avis Budget Group. His diverse background is expected to align with United Rentals' strategy of delivering critical service-intensive solutions across various customer markets. Chairman Michael Kneeland emphasized De Shon's innovative thinking as a valuable asset to the company.
United Rentals (NYSE: URI) has announced its subsidiary, URNA, priced $750 million of 3.750% Senior Notes due 2032 in a public offering. The net proceeds of approximately $743 million will be utilized to redeem $1 billion of its 5⅞% Senior Notes due 2026 and reduce borrowings under its ABL Facility. These notes rank equally with existing senior debts but are junior to secured debts. The offering is managed by leading financial institutions, including Morgan Stanley and BofA Securities.
United Rentals (NYSE: URI) announced a public offering of $750 million in Senior Notes due 2032 through its subsidiary, URNA. The Notes will rank equally with URNA’s existing senior debts and senior to subordinated debts, guaranteed by URI. The estimated net proceeds are $743 million, intended to redeem $1 billion of 5⅞% Senior Notes due 2026 and reduce borrowings under their ABL Facility. The offering is managed by major financial institutions, including Morgan Stanley and BofA Securities. This announcement does not constitute an offer or sale of securities in jurisdictions where it would be unlawful.