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, Inc. (NYSE: URI), the largest equipment rental company globally, will host an Investor Day on May 31, 2023, in New York City. The event, starting at 1:00 p.m. (ET) and ending around 4:15 p.m. (ET), will feature the company's President and CEO, Matt Flannery, along with the executive team, discussing the company's strategy and financial performance. Attendance is by invitation only and requires advanced registration. A live audio webcast and presentation materials will be accessible on the Investor Relations section of United Rentals' website. Participants can view the replay within 24 hours post-event, available for 12 months. United Rentals operates 1,462 locations across North America, Europe, Australia, and New Zealand, employing approximately 24,600 people and offering around 4,600 equipment classes for rent.
United Rentals, Inc. (NYSE: URI) has announced its 2023 Spring Used Equipment Sale event on March 23, taking place at 176 locations across the United States and Canada. This sale features a wide variety of well-maintained used equipment, including over 4,000 classes like aerial work platforms and earthmoving machines, allowing companies and government organizations to purchase quality machinery at lower prices. The event aims to help businesses expand their fleets cost-effectively, especially in preparation for the busy spring construction season. For more details, visit the United Rentals Used Equipment webpage.
United Rentals, Inc. (NYSE: URI) has surpassed 335,000 telematics-equipped equipment units in its rental fleet, enhancing productivity and safety on jobsites. Telematics technology allows customers to track the condition, utilization, location, and performance of their equipment, which in turn improves operational efficiency. The technology leads to better equipment uptime, optimized utilization, enhanced safety, and supports sustainability initiatives by providing insights into environmental impacts. United Rentals operates 1,462 rental locations across North America, Europe, Australia, and New Zealand, offering around 4,600 equipment classes.
United Rentals, Inc. (NYSE: URI) will participate in the 15th Annual Evercore ISI Industrial Conference on March 7, 2023. The presentation will feature CEO Matt Flannery and CFO Ted Grace, starting at 3:00 p.m. ET. Investors can access the presentation at this link or on www.ur.com where it will be archived for 30 days. United Rentals is the largest equipment rental company globally, operating 1,462 locations across North America, Europe, Australia, and New Zealand, with a workforce of around 24,600 employees.
United Rentals, Inc. (NYSE: URI) will participate in the Citi 2023 Global Industrial Tech and Mobility Conference on February 22, 2023. The presentation, led by CEO Matt Flannery and CFO Ted Grace, is scheduled for 4:20 p.m. ET. Interested parties can access the presentation via this link, with an archived version available on www.ur.com for 30 days after the event. United Rentals is the largest equipment rental company worldwide, featuring 1,462 rental locations across North America, Europe, Australia, and New Zealand, offering about 4,600 equipment classes with a total original cost of $19.61 billion.
United Rentals (URI) reported strong fourth-quarter and full-year 2022 results, including total revenue of $3.296 billion and net income of $639 million, marking a year-over-year revenue growth of 18.8%. The company initiated a $1.48 per share quarterly dividend, yielding approximately 1.5%, and plans to repurchase $1 billion in stock in 2023. For 2023, URI expects revenue between $13.7 billion and $14.2 billion and adjusted EBITDA between $6.6 billion and $6.85 billion. The CEO emphasized the integration of Ahern Rentals and the company's robust cash flow, projecting to return $1.4 billion to shareholders this year, underscoring a commitment to long-term value creation.
United Rentals, Inc. (NYSE: URI) has been named a Glassdoor Employees’ Choice Award winner, recognized as one of the Best Places to Work in 2023. This award is unique as it relies solely on anonymous employee feedback collected from October 2021 to October 2022. The selection process considers various workplace attributes, including company rating and career opportunities. The organization's commitment to workforce development, safety, and diversity has been highlighted, as it also maintains an award-winning safety program.
FAQ
What is the current stock price of United Rentals (URI)?
What is the market cap of United Rentals (URI)?
What is United Rentals, Inc.?
Where does United Rentals operate?
What types of equipment does United Rentals offer?
What recent acquisitions has United Rentals made?
How large is United Rentals' fleet?
What additional services does United Rentals provide?
What market share does United Rentals hold?
How can I stay updated on United Rentals news?
When was United Rentals founded?
What types of clients does United Rentals serve?
