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 (NYSE: URI), North America's largest equipment rental provider, maintains this centralized hub for all corporate news and official announcements. Access timely updates on financial results, strategic initiatives, and operational developments impacting the construction and industrial equipment sectors.
This resource serves investors, analysts, and industry professionals seeking to track URI's market position through earnings reports, acquisition activity, and leadership updates. Discover coverage of quarterly performance, fleet expansion projects, safety program enhancements, and sustainability initiatives.
Content types include regulatory filings, partnership announcements, and industry recognition updates. All materials are sourced directly from United Rentals' corporate communications to ensure accuracy and compliance with disclosure standards.
Bookmark this page for continuous access to URI's latest developments in equipment rental solutions, customer service innovations, and market expansion strategies across commercial and residential construction sectors.
United Rentals (NYSE: URI) reported record second quarter results for 2024, with total revenue of $3.773 billion and rental revenue of $3.215 billion. The company achieved net income of $636 million, a 7.6% year-over-year increase, with a margin of 16.9%. Adjusted EBITDA reached $1.769 billion, up 4.4% year-over-year, with a margin of 46.9%.
URI reaffirmed the mid-points of its 2024 guidance while narrowing the outlook ranges for revenue and adjusted EBITDA. The company reported strong performance in both general rentals and specialty rentals segments, with the latter benefiting from the Yak acquisition. Fleet productivity increased by 4.6% year-over-year, or 3.0% excluding the Yak acquisition impact.
United Rentals' training arm, United Academy, celebrates its 10th anniversary as the industry's largest training program. Over the past decade, it has trained over 730,000 people with more than 100 full-time certified trainers. United Academy offers a wide range of OSHA-compliant training courses and certifications, including equipment operator certification, fall protection, and worksite safety.
Training is available through various formats: classroom, blended learning, online (eLearning and virtual), and can be completed at customer locations or at 486 participating United Rentals locations across the U.S. and Canada. Many courses are offered in English, Spanish, and French. United Academy's focus on tailoring programs to customer needs has enabled it to build unmatched training services in the industry, promoting safer and more productive worksites.
United Rentals (NYSE: URI) will conduct its second quarter 2024 earnings conference call on July 25, 2024, at 8:30 a.m. ET, featuring CEO Matt Flannery and CFO Ted Grace. The live audio webcast can be accessed at unitedrentals.com, where it will remain archived until the next earnings call. Those wishing to participate can also dial in using the provided numbers. The company's Q2 2024 press release will be available on July 24, 2024, after the market close.
United Rentals (NYSE: URI) reports robust digital adoption, with over 70% of Q1 2024 revenue generated from customers using its digital tools like Total Control, United Rentals Mobile App, and online marketplace. These platforms support safety, productivity, and sustainability objectives. Telematics data, accessible via Total Control, helps customers monitor and optimize equipment usage. United Rentals leads the industry with 375,000 telematics-enabled units. Recent digital enhancements include improved payment management, customized notifications, availability info, equipment access management, and order history access, streamlining the rental process.
United Rentals, Inc. (NYSE: URI) has been selected for Newsweek's Most Trustworthy Companies in America 2024 list for the third consecutive year. The recognition highlights the company's strong commitment to trust and transparency in its business operations. The evaluation criteria included customer, investor, and employee trust, with United Rentals standing out for its ethical governance and conduct.
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