United Rentals reports Q3 EPS $11.70, consensus $12.29

Reports Q3 revenue $4.23B, consensus $4.16B. Matthew Flannery, CEO, said, “Our third-quarter results were again supported by our unrelenting focus on being the partner of choice to our customers as we serve their needs across both construction and industrial end-markets. Our team did an outstanding job as we continued to lean into growth across both our general rentals and specialty businesses, and our updated guidance reflects the momentum we expect to carry through the rest of the year. Looking ahead, we are encouraged by the growth opportunities our customers see on the horizon, particularly within large projects and across key verticals. The combination of our one-stop-shop model, unparalleled service levels, and industry-leading technology differentiates our value proposition to customers and enables us to outpace the market. I’m very proud of the company we continue to build, supported by a well-proven strategy focused on profitable growth, strong through-cycle free cash flow generation and prudent capital allocation, all of which create compelling long-term value for our shareholders.”