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 (NYSE: URI) reported fourth quarter 2020 revenue of $2.279 billion, with rental revenue accounting for $1.854 billion. Fleet productivity fell 3.8% year-over-year, but improved 420 basis points sequentially. Net income was $297 million, marking a 12.1% year-over-year decrease. Adjusted EBITDA stood at $1.037 billion, representing a 45.5% margin. Looking ahead, the company expects 2021 revenue to range between $8.625 billion and $9.025 billion, anticipating growth driven by improved customer sentiment and increased capital expenditures.
United Rentals, Inc. (NYSE: URI) announces its fourth quarter and full year 2020 conference call scheduled for January 28, 2021, at 11:00 a.m. ET. CEO Matt Flannery and CFO Jessica Graziano will lead the call, where the fourth quarter results will be discussed. The press release will be available on their website following market close on January 27, 2021. With approximately 1,170 rental locations and a workforce of 18,400 employees, United Rentals is the largest equipment rental company globally, operating in 49 U.S. states and all Canadian provinces.
United Rentals (NYSE: URI) reported Q3 2020 revenue of $2.187 billion, with rental revenue at $1.861 billion. Net income fell 46.8% year-over-year to $208 million, reflecting a margin of 9.5%. Despite a decline in fleet productivity by 8.0%, it improved sequentially by 560 basis points due to better fleet absorption. The company raised its full-year guidance, projecting revenue between $8.35 billion and $8.45 billion, with adjusted EBITDA ranging from $3.825 billion to $3.875 billion. Total liquidity stood at $3.430 billion as of September 30, 2020.
United Rentals, Inc. (NYSE: URI) released its 2019 Corporate Responsibility Report, announcing a goal to reduce greenhouse gas emissions by 35% from direct operations by 2030. The report highlights achievements in workplace culture, customer service, and eco-responsibility, while addressing climate-related risks and the company’s response to COVID-19. CEO Matthew Flannery emphasized the importance of corporate responsibility for stakeholder interests. The report adheres to Global Reporting Initiative Standards and can be accessed on the company's website.
United Rentals, Inc. (NYSE: URI) will conduct its third quarter 2020 conference call on October 29, 2020, at 11:00 a.m. ET. CEO Matt Flannery and CFO Jessica Graziano will lead the discussion, with the press release available on unitedrentals.com after market close on October 28. United Rentals operates 1,169 locations in North America and 11 in Europe, employing around 18,900 people. The company offers approximately 4,000 types of equipment for rent, totaling an original cost of $14.13 billion.
United Rentals (NYSE: URI) announced its subsidiary, URNA, intends to redeem all outstanding $750 million of its 4.625% Senior Notes due 2025 on October 15, 2020. The redemption will occur at 102.313% of the principal amount, plus accrued interest. URNA plans to utilize borrowings from its revolving credit facility to fund the redemption. This action is contingent upon the availability of sufficient funds. The announcement is not an offer to sell securities.