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) will host its second quarter 2022 conference call on Thursday, July 28, 2022 at 11:00 a.m. ET, featuring CEO Matt Flannery and CFO Jessica Graziano. The second quarter press release will be available after market close on July 27. Interested parties can join the call by dialing 800-459-5343 domestically or 203-518-9553 internationally with passcode 19728. The call will also be webcast and archived on unitedrentals.com.
United Rentals, Inc. (NYSE: URI) announced the departure of CFO Jessica Graziano effective July 29, 2022, for another opportunity. She joined the company in 2014 and became CFO in 2018, ensuring a transition to interim CFO Ted Grace, who has been with the firm since 2016. CEO Matthew Flannery acknowledged Graziano's leadership during significant growth and macro disruptions. United Rentals remains the largest equipment rental company globally, with 1,301 locations and approximately 20,850 employees across North America, Europe, Australia, and New Zealand.
The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine has selected Sonos Inc. (NASDAQ: SONO) as the "Stock to Study" and United Rentals Inc. (NYSE: URI) as the "Undervalued Stock" for the August 2022 issue. This decision comes amid recent share-price declines in the market. Ken Zendel, CEO of the National Association of Investors, emphasized the importance of reviewing investment strategies to avoid common mistakes. Investors can utilize BetterInvesting’s online tools to assess these stocks further.
United Rentals, Inc. (NYSE: URI) has announced a significant partnership with Ford Pro to enhance its fleet with all-electric vehicles, including orders for 500 F-150 Lightning trucks and 30 E-Transit vans. The electric trucks feature a maximum range of 320 miles and a towing capacity of 10,000 lbs. The company aims to help customers reduce greenhouse gas emissions, targeting a 35% reduction by 2030 from 2018 levels. Deliveries are expected in 2022, with a plan to provide charging solutions for these vehicles.
United Rentals (NYSE: URI) reported a strong Q1 2022, achieving total revenue of $2.524 billion, with rental revenue rising 30.5% year-over-year to $2.175 billion. The company recorded a net income of $367 million, representing an 80.8% increase, and an adjusted EBITDA of $1.139 billion. Notably, fleet productivity increased by 13% and gross margins improved due to higher pricing. In response to robust project activity, the firm raised its full-year guidance for total revenue and adjusted EBITDA, projecting totals between $11.1 billion and $11.5 billion.
United Rentals, Inc. (NYSE: URI) announced plans to redeem $500 million of its 5.50% Senior Notes due 2027 on May 21, 2022. The redemption price is 102.75% of the principal amount, plus accrued interest. Registered noteholders will receive a notice of redemption by April 21, 2022. URNA will utilize cash and borrowing from a secured asset-based credit facility for this purpose. The redemption is contingent on sufficient funds being available. This notice does not constitute a solicitation for offers to buy securities.
United Rentals, Inc. (NYSE: URI) will host its first quarter 2022 conference call on April 28, 2022, at 11:00 a.m. ET. CEO Matt Flannery and CFO Jessica Graziano will discuss the company's performance. The press release detailing financial results will be available after market close on April 27, 2022. The conference call will also be accessible via audio webcast and will be archived for future access. United Rentals is the largest equipment rental company globally, with over 1,288 locations and a diverse fleet costing around $15.79 billion.
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.
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?
