Welcome to our dedicated page for United Rentals news (Ticker: URI), a resource for investors and traders seeking the latest updates and insights on United Rentals stock.
United Rentals, Inc. (NYSE: URI) is North America's largest equipment rental company, with over 880 stores across the United States and Canada. The company caters to a diverse clientele, including construction and industrial firms, municipal entities, utilities, homeowners, and communities. Their aim is to meet customer needs while exceeding expectations through their extensive rental fleet and specialized solutions.
Since its inception in 1997, United Rentals has expanded through organic growth and numerous acquisitions, establishing itself as a market leader with a fleet valued at $21 billion. Initially focusing on intermittently used equipment like aerial lifts and generators, the company’s offerings now include a wide array of specialty equipment available for indefinite rental periods.
One of the company's notable recent achievements is the acquisition of Yak Access, LLC, a leader in the North American matting industry, for approximately $1.1 billion. This move, expected to close in the first quarter of 2024, will bolster United Rentals' offerings in surface protection for construction and maintenance applications. Yak's fleet includes approximately 600,000 mats, serving primarily utility and midstream clients.
United Rentals prides itself on being more than just an equipment provider. They offer best-in-class specialty solutions, safety training, and 24/7 support to ensure customer success. This dedication to service is paralleled by their continued investment in digital tools and R&D to enhance customer experience and product longevity.
With a roughly 17% market share in a fragmented sector, United Rentals stands out not only for its scale but also for its commitment to safety, operational excellence, and strong customer relationships. The company is consistently adapting to market demands, as demonstrated by its strategic acquisitions and tailored service offerings.
For more updates, follow United Rentals on their social media platforms: Twitter, Facebook, Google+, and YouTube.
United Rentals (NYSE: URI) has announced the introduction of POWRBANK battery systems to its rental fleet, partnering with POWR2 Energy Solutions. This initiative marks a significant investment in sustainable energy solutions for customers in North America. The POWRBANK system is designed to reduce generator runtime, emissions, and noise while offering high-density lithium battery storage of up to 120KW hours. United Rentals aims to achieve a 35% reduction in greenhouse gas emissions intensity by 2030 compared to 2018 levels, reinforcing its commitment to sustainability.
United Rentals, Inc. (NYSE: URI) announces the retirement of Jeff Fenton, senior vice president of business development, effective June 30, 2022. He will be succeeded by Alfredo Barquin, who will lead the company’s M&A growth strategy. Fenton will advise through December 31, 2022. Barquin, previously with SWM International, has significant experience in M&A initiatives. United Rentals, the largest equipment rental company globally, operates over 1,288 rental locations across various regions, offering approximately 4,300 classes of equipment, totaling a cost of $15.79 billion.
United Rentals (NYSE: URI) will participate in the Evercore ISI 14th Annual Industrial Conference on February 28, 2022. The event features a presentation by CEO Matt Flannery and CFO Jessica Graziano, starting at 11:00 a.m. ET. The presentation can be accessed live via this link and will also be archived on unitedrentals.com for thirty days.
As the largest equipment rental company globally, United Rentals operates 1,288 locations across North America, Europe, Australia, and New Zealand.
The National Safety Council (NSC) recognized United Rentals, Inc. (NYSE: URI) CEO Matt Flannery as one of the 2022 CEOs Who 'Get It'. This accolade honors leaders who prioritize employee safety on and off the job. NSC emphasized that Flannery's safety strategy includes risk reduction, performance measurement, safety management, and employee engagement. United Rentals, the world's largest equipment rental company, operates 1,288 locations worldwide and employs around 20,400 staff, offering over 4,300 types of equipment.
United Rentals, Inc. (URI) reported strong fourth-quarter 2021 results, with total revenue of $2.776 billion and net income of $481 million, marking a 62% year-over-year increase. The company announced a new $1 billion share repurchase program to enhance shareholder value. Adjusted EBITDA rose 26.2% to $1.309 billion, with a margin of 47.2%. For 2022, URI projects total revenue between $10.65 billion and $11.05 billion, reflecting optimism in customer demand and market conditions.
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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