Want to see URI full AI Analyst Report?
Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
11.53Last Year’s EPS
10.47Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive operational and financial momentum: record Q1 revenue, EBITDA and EPS, solid fleet productivity, specialty growth, strong used-equipment demand and healthy free cash flow. Management raised full-year guidance and outlined disciplined capital allocation with meaningful shareholder returns. Counterbalancing these strengths are near-term execution and cost risks — notably restructuring charges, repositioning/delivery costs, used-goods margin volatility, inflation/fuel exposure, and an inconsistency in communicated used-sale figures — that require execution through the busy season. Overall, the positive results and raised guidance outweigh the identified risks, but the latter introduce execution sensitivity for the remainder of the year.Company Guidance
Record First-Quarter Financials
Total revenue nearly $4.0B, up ~7% year-over-year; rental revenue of ~$3.4B, up ~8.7% YoY (first-quarter records). Adjusted EBITDA of roughly $1.76–$1.8B and adjusted EPS of $9.71, up 10% YoY. Adjusted EBITDA margin 44.1%, a 60 bps improvement YoY excluding prior-year H&E benefit.
Strong Fleet Productivity and OER Performance
Fleet productivity improved 2.3% in Q1 and contributed to OER (own equipment revenue) growth of 6.5%. Average fleet size increased 5.7% YoY while assumed fleet inflation was 1.5%.
Robust Specialty & End-Market Momentum
Specialty revenue grew ~14% YoY with growth across all lines and 17 cold starts. Nonresidential construction, infrastructure and power (power posting double-digit growth) were notable drivers; data centers and other large projects contributed to backlog and confidence for the year.
Ancillary Revenue and Used-Equipment Proceeds
Ancillary and re-rent revenue grew nearly 18%, adding ~$111M. Sold $680M of owned equipment (OEC) in the quarter, generating ~$350M of proceeds with an adjusted used margin of ~47.4% and a recovery rate of ~51.5%, reflecting solid used demand.
Strong Cash Generation and Capital Returns
Q1 free cash flow exceeded ~$1.05B–$1.1B. Net leverage 1.9x with total liquidity near $3.4B. ROIC ~11.8% remains above WACC. Returned $500M to shareholders in Q1 (repurchases + dividend) and announced a 2026 repurchase target of $1.5B (total return ~ $2.0B incl. dividend).
Raised Full-Year Outlook
Management raised revenue guidance to $16.9B–$17.4B (+$100M vs prior), adjusted EBITDA to $7.625B–$7.875B (+$50M), increased gross CapEx guide by $100M to $4.4B–$4.8B (net CapEx $2.95B–$3.35B), and reiterated full-year FCF guidance of $2.15B–$2.45B.
URI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
URI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $801.13 | $984.75 | +22.92% |
Jan 28, 2026 | $899.30 | $783.65 | -12.86% |
Oct 22, 2025 | $985.16 | $908.46 | -7.79% |
Jul 23, 2025 | $796.56 | $867.96 | +8.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does United Rentals (URI) report earnings?
United Rentals (URI) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is United Rentals (URI) earnings time?
United Rentals (URI) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is URI EPS forecast?
URI EPS forecast for the fiscal quarter 2026 (Q2) is 11.53.
