Tag: United Rentals earnings

Dealers

United Rentals: 2020 capex will be “down significantly” due to coronavirus

United Rentals, on track to post as-expected 1Q results, instead saw its rental revenues decrease 0.7 percent compared with the same quarter last year as the result of coronavirus impacts starting in mid-March. As with almost all other companies, UR has withdrawn its 2020 guidance. UR expects its 2020 capital expenditures will be down significantly […]

May 6, 2020

Dealers

Business Roundup: VW exec hints at Navistar takeover; United Rentals Q1 results; Double-drum compactor sales; Kitoti starts brand awareness push; Epiroc launches new website

Epiroc continues Atlas Copco split with launch of new website Atlas Copco subsidiary Epiroc has a new U.S. website geared toward hydraulic-attachment, mining, infrastructure and natural-resources customers: epiroc.us. The Sweden-based Epiroc, which began operating as an independent company in December, offers all of the hydraulic attachments for excavators, wheel loaders, backhoes and skid steers, such […]

April 23, 2018

Dealers

Business Roundup: Komatsu acquires Quadco, Southstar attachments; Cat 2017 sales up 18%; United Rentals 2017 revenue up 15%; SDLG adds new dealer; Benck becomes first AED chairwoman

Diane Benck becomes first chairwoman of Associated Equipment Distributors Diane Benck – known for her strong advocacy for the equipment industry and for enhancing technician training – has been named chairwoman of Associated Equipment Distributors (AED). Benck, of Illinois, is the first woman to lead the international organization, and she received rousing applause during her […]

January 31, 2018

Dealers

United Rentals revenue up 15% in 2017 as company ends year with big 4Q

United Rentals saw total revenue climb 26 percent to $1.922 billion during the fourth quarter, capping off what CEO Michael Kneeland called “a year of record results.” Rental revenue for the quarter was up 27 percent to $1.646 billion with time utilization increasing 70 basis points to 70 percent over 4Q 2016. Trench, Power and […]

January 25, 2018

Dealers

United Rentals Q1 net income up 18.5%, total revenue grows 3.5%

United Rentals’ first quarter 2017 total revenue grew by 3.5 percent, to $1.36 billion, compared to the same quarter last year, with $1.17 billion coming from rental revenue. The company also saw net income grow by 18.5 percent to $109 million, or $1.27 per diluted share, over the same period. The adjusted earnings before interest, tax, […]

April 27, 2017