=United Rentals (URI) reported earnings on Wed 19 Apr 2017 (a/h)

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported first-quarter profit of $109 million.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.27. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $1.63 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The equipment rental company posted revenue of $1.17 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.34 billion.

United Rentals expects full-year revenue in the range of $6.05 billion to $6.25 billion.

United Rentals shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $119.45, a climb of 95 percent in the last 12 months.

=United Rentals (URI) reported earnings on Wed 25 Jan 2017 (a/h)

STAMFORD, Conn. (AP) _ United Rentals Inc. (URI) on Wednesday reported fourth-quarter profit of $153 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.80. Earnings, adjusted for one-time gains and costs, came to $2.67 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.

The equipment rental company posted revenue of $1.52 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.

For the year, the company reported profit of $566 million, or $6.45 per share. Revenue was reported as $5.76 billion.

United Rentals expects full-year revenue in the range of $5.75 billion to $5.95 billion.

United Rentals shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $114.26, more than doubling in the last 12 months.

=United Rentals (URI) reported earnings on Wed 20 Jul 2016 (a/h)

United Rentals beats by $0.24, beats on revs; reaffirms FY16 revenue guidance:

• Reports Q2 (Jun) earnings of $2.06 per share, excluding non-recurring items, $0.24 better thanthe Capital IQ Consensus of $1.82; revenues fell 0.6% year/year to $1.42 bln vs the $1.39 bln Capital IQ Consensus.
• Co reaffirms guidance for FY16, sees FY16 revs of $5.60-5.80 bln vs. $5.67 bln Capital IQ Consensus Estimate. Reaffirms adjusted EBITDA guidance of $2.65-2.75 bln.
• "we were pleased with the positive progression of monthly rental rates, which we attribute to the combined impact of our internal initiatives and solid growth in several of our core U.S. markets. While conditions remain challenging in Canada, we see solid customer activity on both the East and West Coasts of the U.S., at the same time that our emphasis on specialty rentals continues to pay dividends."
• "Based on what we saw through the mid-year, and what we hear from the field, we continue to expect our business to improve both seasonally and cyclically. Consequently, we can reaffirm our 2016 revenue, EBITDA, capital spending and free cash flow guidance."

=United Rentals (URI) reported earnings on Wed 20 Apr 2016 (a/h)

United Rentals beats by $0.21, beats on revs; guides FY16 revs in-line, reaffirms free cash flow guidance :

• Reports Q1 (Mar) earnings of $1.40 per share, $0.21 better than the Capital IQ Consensus of $1.19; revenues fell 0.4% year/year to $1.31 bln vs the $1.29 bln Capital IQ Consensus.
• For the first three months of 2016, free cash flow was $627 mln, after total rental and non-rental gross capital expenditures of $123 mln. By comparison, free cash flow for the first three months of 2015 was $450 mln after total rental and non-rental gross capital expenditures of $345 mln.
• Co issues in-line guidance for FY16, sees FY16 revs of $5.6-$5.8 bln vs. $5.72 bln Capital IQ Consensus Estimate. Its prior outlook was for revenue of $5.65-$5.95 bln. Co reaffirms free cash flow guidance of $900 mln to $1.0 bln. Time utilization is expected to be approx. 68.3% compared to prior guidance of 68.0%.

United Rentals (URI)

United Rentals (URI), which, as its name implies, rents out equipment, in large part to the energy industry, offers a glimpse into the balance-sheet stresses being felt in the sector. According to a report by KDP Investment Advisors, which specializes in high-yield credits, while United Rentals met expectations for earnings before interest, taxes, depreciation, and amortization, its balance sheet showed that cash balances and liquidity declined as the company drew on bank-credit lines to fund the redemption of notes and stock repurchases. In addition, United Rentals announced a new, $1 billion share repurchase, which may be more propitiously timed given that the stock price is down nearly 37% this year.

monthly

daily