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, Inc. (NYSE: URI) reported robust first quarter results for 2023, highlighting a total revenue of $3.285 billion, including $2.740 billion from rental revenue. Net income surged 22.9% year-over-year to $451 million, with a net income margin of 13.7%. The company achieved GAAP diluted earnings per share of $6.47 and an adjusted EPS of $7.95. Adjusted EBITDA reached a record $1.503 billion, representing a 32.0% year-over-year growth. United Rentals reaffirmed its full-year 2023 guidance, projecting total revenue between $13.7 billion and $14.2 billion. The positive momentum is supported by increasing demand across various sectors, alongside successful integration of recent acquisitions.
United Rentals has launched four new employee resource groups (ERGs) aimed at fostering diversity and inclusion within the company. These groups are: Hispanic and Latin Advancement United (HOLA), LGBTQIA+ United, Mental Wellness United, and African and Black Heritage United. Each ERG focuses on specific community needs, with initiatives ranging from cultural awareness and mental health support to leadership development. According to Monica Rodriguez, the director of diversity, equity, and inclusion, these ERGs will help employees feel valued and respected, enhancing workplace morale. The new ERGs are a step towards a more inclusive workplace, as the company believes that diversity contributes to a positive impact on customers and communities.
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