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, Inc. (NYSE: URI) is described in its public communications as the largest equipment rental company in the world, with an integrated network of rental locations across North America, Europe, Australia and New Zealand. This news page aggregates company announcements, press releases and other updates related to URI, giving readers a single place to review the latest information the company has chosen to disclose.
Visitors can expect news items that cover a range of topics important to understanding United Rentals’ business. Recent releases include details on quarterly financial results and outlook, such as rental revenue performance, fleet productivity, adjusted EBITDA and free cash flow, as well as information on capital allocation, dividends and share repurchase programs. The company also issues news on financing activities, including private offerings of senior notes, planned redemptions of existing notes and amendments to its senior secured asset-based revolving credit facility.
United Rentals uses its news releases to highlight developments in digital tools and technology, such as Smart Suggestions, Equipment Fit Augmented Reality and the Manual Assist AI application built with Amazon Web Services. Additional announcements describe safety and training initiatives, including the Confined Space Safety Training for Competent Persons Program offered through United Academy and trench safety services that support confined space and excavation work.
By reviewing the URI news feed, investors and other interested readers can see how United Rentals presents its operations, innovation strategy, financing decisions and safety programs over time. This page can be revisited to read new earnings releases, capital markets updates, product and technology launches, and training or safety-related announcements as they are issued by the company.
United Rentals (NYSE: URI) has withdrawn and refiled its Premerger Notification and Report Form under the Hart-Scott-Rodino Act for its pending acquisition of H&E Equipment Services (NASDAQ: HEES). The refiling aims to provide the FTC additional review time beyond the initial 15-day period for cash tender offers.
The company's cash tender offer to purchase all outstanding H&E shares at $92.00 per share remains active. Key dates include: the Go-Shop Period ending February 17, 2025, and the Expiration Date on February 25, 2025. The new HSR waiting period will expire at 11:59 P.M., Eastern Time, on February 18, 2025.
United Rentals (NYSE: URI) has announced a 10% increase in its quarterly dividend. The company's Board of Directors has declared a quarterly dividend of $1.79 per share. The dividend will be payable on February 26, 2025, to stockholders of record as of February 12, 2025.
United Rentals (URI) reported strong Q4 2024 results with total revenue of $4.095 billion and rental revenue of $3.422 billion. The company achieved a net income of $689 million with a 16.8% margin and adjusted EPS of $11.59. Fleet productivity increased 4.3% year-over-year.
For full-year 2024, URI generated $4.546 billion in operating cash flow and $2.058 billion in free cash flow. The company returned $1.934 billion to shareholders through $1.5 billion in share repurchases and $434 million in dividends. The Board approved a 10% increase in quarterly dividend.
Looking ahead to 2025, URI projects total revenue between $15.6-16.1 billion and adjusted EBITDA of $7.2-7.45 billion. The company maintains strong liquidity of $2.845 billion with a net leverage ratio of 1.8x.
United Rentals (NYSE: URI) has initiated a cash tender offer through its subsidiary to acquire all outstanding shares of H&E Equipment Services (NASDAQ: HEES) at $92.00 per share. The offer, announced on January 28, 2025, will expire on February 25, 2025, at one minute after 11:59 p.m. Eastern Time.
The tender offer is subject to key conditions including: acquisition of more than 50% of outstanding shares, expiration of Hart-Scott-Rodino Act waiting periods, completion of the Marketing Period, and other customary conditions. No financing condition is attached to the offer.
H&E's board of directors has recommended stockholders accept the offer and tender their shares. Innisfree M&A Incorporated is serving as the information agent, while Equiniti Trust Company, acts as the depositary and paying agent for the tender offer.
United Rentals (NYSE: URI) has appointed Julie Brandt to its board of directors, expanding the board to 11 members, with nine being independent directors. Brandt currently serves as Corporate Vice President and President, Global Commercial & Field Operations at Johnson Controls, where she drives strategic vision for field delivery and operations.
Prior to her current role, Brandt was President of Johnson Controls Building Solutions North America division and spent nearly three decades at Otis Elevator Company, most recently as Vice President and General Manager. She brings extensive global experience across North America, Latin America, Europe, and Asia Pacific, along with deep knowledge of the construction industry and expertise in driving large-scale distributed businesses.
Brandt holds an MBA and a bachelor's degree in International Business and Marketing from Indiana University's Kelley School of Business.
United Rentals (NYSE: URI) has announced its upcoming fourth quarter and full year 2024 conference call, scheduled for Thursday, January 30, 2025, at 8:30 a.m. Eastern Time. The call will feature CEO Matt Flannery and CFO Ted Grace.
Investors and interested parties can access the conference call through multiple channels:
- Live audio webcast at unitedrentals.com (archived for future reference)
- Direct dial-in: 800-343-1703 (US) or 785-424-1226 (international)
- Replay available at 402-220-7225 (passcode: 39460)
The company will release its Q4 and full-year 2024 press release after market close on Wednesday, January 29, 2025. The release will be available on the company's website.
United Rentals (NYSE: URI) has announced a definitive agreement to acquire H&E Equipment Services for $92 per share in cash, representing a total enterprise value of approximately $4.8 billion, including $1.4 billion of net debt.
H&E, founded in 1961, operates approximately 160 branches across 30+ U.S. states with 2,900 employees and $2.9 billion in rental fleet at original cost. The company generated $696 million in adjusted EBITDA on revenues of $1.518 billion, with a 45.8% margin over the trailing 12 months through September 2024.
The acquisition will expand United Rentals' fleet by almost 64,000 units and is expected to generate $130 million in annual cost synergies within 24 months and $120 million in revenue synergies by year three. The transaction is expected to close in Q1 2025, subject to customary conditions including regulatory approval. The deal includes a 35-day "go-shop" period through February 17, 2025.
United Rentals (NYSE: URI) has launched a new Excavation Safety Training for Competent Persons Program, offering an interactive approach to trench and excavation safety education. The program helps workers understand and apply OSHA Standard 29 CFR Part 1926 Subpart P through multiple learning formats including in-person classes, virtual sessions, and e-learning.
The training features virtual reality simulations, hazard hunts, and includes the United Rentals Trench Safety app. With over 92 trench safety locations and North America's largest shoring equipment fleet, United Rentals provides comprehensive underground solutions, OSHA-compliant protective systems, and consultation services for construction companies.
United Rentals (NYSE: URI) has received two prestigious recognitions for its veteran employment initiatives: the 2024 HIRE Vets Medallion Platinum Award and 2025 Military Friendly® Employer Gold recognition. The company earned multiple Military Friendly awards, including distinctions for Military Spouse Friendly Employer, Supplier Diversity Program, and Brand excellence.
The awards acknowledge United Rentals' comprehensive approach to veteran recruitment, employment, and retention. The company provides veteran-specific resources, leadership programming, dedicated HR efforts, competitive pay, and tuition assistance. A significant portion of United Rentals' workforce has military background, demonstrating their commitment to supporting veterans' transition to civilian careers.
United Rentals (URI) reported record third quarter 2024 results with total revenue of $3.992 billion, including rental revenue of $3.463 billion. Net income reached $708 million with a margin of 17.7%. The company achieved GAAP diluted EPS of $10.70 and adjusted EPS of $11.80. Fleet productivity increased 3.5% year-over-year, or 1.9% excluding the Yak acquisition impact. Year-to-date, URI returned $1.451 billion to shareholders through share repurchases and dividends. The company reaffirmed its mid-point 2024 guidance while narrowing ranges for key metrics.