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United Rentals, Inc. - URI STOCK NEWS

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.

News

United Rentals to Present at the 16th Annual Evercore ISI Industrial Conference

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United Rentals, Inc. (URI) is set to participate in the 16th Annual Evercore ISI Industrial Conference with a presentation by CEO Matt Flannery and CFO Ted Grace on March 5, 2024, at 3:10 p.m. ET.
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United Rentals to Present at the Citi 2024 Global Industrial Tech and Mobility Conference

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United Rentals, Inc. (URI) will participate in the Citi 2024 Global Industrial Tech and Mobility Conference with CEO Matt Flannery and CFO Ted Grace presenting. The presentation will start at 3:30 p.m. ET on February 20, 2024, accessible via a provided link.
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United Rentals Announces Next-Generation Access Management Solution

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United Rentals, Inc. (NYSE: URI) has announced a next-generation access management solution that uses RFID badges to improve safety, security, and productivity at jobsites. The solution seamlessly manages jobsite and equipment access, increasing visibility and control for more efficient operations. The company's cloud-based worksite management platform, Total Control®, connects jobsite access with equipment access management through user profile data, providing real-time and historical insights into equipment usage. This new solution augments United Rentals’ PIN code-based equipment access solutions, which are already available on thousands of rental units.
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United Rentals Announces Record Fourth Quarter and Full-Year¹ 2023 Results, Introduces 2024 Outlook and Enhanced Capital Allocation Strategy, Including a Reduced Leverage Target, $1.5 Billion of Share Repurchases and 10% Increase to Dividend

Rhea-AI Summary
United Rentals, Inc. (URI) reported Q4 2023 financial results with total revenue of $3.728 billion, net income of $679 million, and adjusted EPS of $11.26. The company also announced its full-year 2024 guidance, including a lower targeted full-cycle leverage range, a $1.5 billion share repurchase plan, and a 10% increase in its dividend per share. The outlook for 2024 includes total revenue of $14.650 billion to $15.150 billion and adjusted EBITDA of $6.900 billion to $7.150 billion.
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United Rentals Outlines Roadmap to Low-Emission and Zero-Emission Jobsites

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United Rentals, Inc. (NYSE: URI) released a white paper outlining steps for companies to reduce equipment greenhouse gas emissions while maintaining jobsite productivity and safety. The paper details digital tools and equipment for implementing sustainable business practices.
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United Rentals, Inc. Fourth Quarter and Full Year 2023 Conference Call and Audio Webcast Thursday, January 25, 2024 at 8:30 a.m. (ET)

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United Rentals, Inc. (URI) will hold its Q4 and full year 2023 conference call on January 25, 2024, with CEO Matt Flannery and CFO Ted Grace. The call will be available live at unitedrentals.com and archived until the next earnings call. The company's Q4 and full year 2023 press release will be issued and available at unitedrentals.com after the market close on January 24, 2024.
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United Rentals Selected as One of America’s Best Managed Companies

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United Rentals, Inc. (NYSE: URI) has been named to the 2023 Management Top 250 List presented by The Wall Street Journal. The company was recognized for its well-run operations and dedication to delivering value to its customers, employees, and investors. The Management Top 250 ranking measures corporate effectiveness in areas such as customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. United Rentals has also received various industry awards in 2023, showcasing its commitment to excellence and recognition as a top employer.
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United Rentals Announces New Estimated Emissions Digital Dashboard

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United Rentals, Inc. (NYSE: URI) introduces the Estimated Emissions dashboard, a digital tool that provides users with current and historical estimated carbon emissions data for rental equipment and jobsites. This groundbreaking tool enables customers to make data-based decisions to reduce their carbon footprint, with the ability to filter and view estimated emissions data by equipment category, time, or jobsite. United Rentals aims to help construction companies and project owners prioritize reducing jobsite emissions by providing easily accessible, shareable data and the power to act on it.
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United Rentals Introduces New Access Management Functionality & Enhanced Rental Experience via Mobile App

Rhea-AI Summary
United Rentals, Inc. (NYSE: URI) wins the 2023 Acquia Engage Award for introducing new equipment access management capabilities and an enhanced rental experience within the United Rentals Mobile App™. The new features include equipment access PIN code visibility, browsing equipment catalog and specifications, viewing custom pricing, reserving equipment, and monitoring real-time equipment data. The app has won the award for its focus on digital customer engagement.
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United Rentals Recognized for Achievements in Veteran Hiring and Career Development

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United Rentals, Inc. (NYSE: URI) has been recognized with the 2023 HIRE Vets Medallion Award, 2024 Military Friendly® Employer Gold, and 2023 Military Times Best for Vets for its commitment to supporting veterans in their transition into the workforce. The company's focus on hiring, retaining, and advancing the careers of veterans reflects its values of strong leadership, teamwork, discipline, diversity, and work ethic. United Rentals offers a range of roles that are a strong fit for the skills veterans have gained through their service.
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FAQ

What is the current stock price of United Rentals (URI)?

The current stock price of United Rentals (URI) is $849.32 as of November 22, 2024.

What is the market cap of United Rentals (URI)?

The market cap of United Rentals (URI) is approximately 55.5B.

What is United Rentals, Inc.?

United Rentals, Inc. (NYSE: URI) is the largest equipment rental company in North America, serving a variety of clients including construction and industrial firms, municipalities, and homeowners.

Where does United Rentals operate?

United Rentals operates over 880 locations across the United States and Canada.

What types of equipment does United Rentals offer?

United Rentals provides a wide range of equipment including aerial lifts, portable generators, and specialty equipment available for indefinite rental periods.

What recent acquisitions has United Rentals made?

United Rentals recently announced the acquisition of Yak Access, LLC for approximately $1.1 billion, expanding its offerings in surface protection for construction and maintenance applications.

How large is United Rentals' fleet?

United Rentals' fleet is valued at approximately $21 billion.

What additional services does United Rentals provide?

Beyond equipment rental, United Rentals offers specialty solutions, safety training, and 24/7 support.

What market share does United Rentals hold?

United Rentals holds approximately 17% of the equipment rental market in North America.

How can I stay updated on United Rentals news?

You can follow United Rentals on their social media platforms such as Twitter, Facebook, Google+, and YouTube.

When was United Rentals founded?

United Rentals was founded in 1997.

What types of clients does United Rentals serve?

United Rentals serves construction and industrial companies, utilities, municipalities, homeowners, and communities.

Stock URI logo
United Rentals, Inc.

NYSE:URI

URI Rankings

#257 Ranked by Market Cap
#1901 Ranked by Dividends

URI Stock Data

55.52B
65.29M
0.5%
96.76%
3.21%
Rental & Leasing Services
Services-equipment Rental & Leasing, Nec
Link
United States of America
STAMFORD