URI
United Rentals, Inc.818.68
+8.24+1.02%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
52.67BP/E (TTM)
21.09Basic EPS (TTM)
38.81Dividend Yield
0.01%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
United Rentals posted solid Q3 results, with total revenues climbing 5.9% year-over-year to $4.229B, driven by 5.8% equipment rental growth from a 4.2% rise in average OEC and 2.0% fleet productivity gains, while sales of rental equipment held steady at $333M. Gross margin slipped 190 basis points to 39.4%, pressured by inflation in delivery costs and higher specialty depreciation, yet operating income edged down just 0.7% to $1.114B as SG&A rose modestly. Diluted EPS dipped 2.0% to $10.91, aligning with 64.3M weighted shares, but free cash flow stayed robust at $1.192B for the nine months. Cash swelled to $512M, total debt hit $14.148B with $1.880B ABL availability and no covenant breaches, while a $22M tuck-in acquisition bolstered the fleet. Competition from rivals remains a persistent drag on pricing power.
8-K
Strong Q3 results, raised guidance
United Rentals reported Q3 2025 total revenue of $4.229 billion, up from $3.992 billion last year, with rental revenue hitting a record $3.665 billion amid 2.0% fleet productivity gains. Adjusted EBITDA reached $1.946 billion at a 46.0% margin, while net income dipped slightly to $701 million due to higher depreciation and delivery costs. The company raised its full-year revenue outlook to $16.0-$16.2 billion and capital spending, fueled by robust demand, yet free cash flow guidance trimmed to $2.1-$2.3 billion. Strong returns persist.
8-K
Term loan refinanced at lower rates
United Rentals refinanced its $987.5 million term loan facility on August 7, 2025, via Amendment No. 1, converting $849.8 million and adding $137.7 million from Wells Fargo, while slashing the SOFR margin to 1.50% from 1.75% and the base rate margin to 0.50% from 0.75%. This move trims interest costs amid steady debt levels, bolstering cash flow for operations. Lenders reaffirmed guarantees; no maturity changes disclosed. Watch for rate volatility risks.
IPO
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