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United Rentals (URI)
NYSE:URI
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
8.96Last Year’s EPS
9.15Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -17.17%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a strong overall performance with record revenues and growth in key areas such as specialty rentals and used equipment sales. The company demonstrated financial strength with significant free cash flow and shareholder returns, and provided positive guidance for 2025. Despite some margin compression due to market normalization, the highlights significantly outweighed the lowlights.Company Guidance
During the United Rentals' Investor Conference Call, the company provided guidance for 2025, expecting another year of growth, driven by large projects and a strong demand pipeline. They forecast total revenue in the range of $15.6 billion to $16.1 billion, indicating a growth of approximately 3.3% at the midpoint. The adjusted EBITDA is projected to be between $7.2 billion and $7.45 billion, with anticipated flow-through rates in the 40s, excluding used sales impact. The company also plans a gross CapEx of $3.65 billion to $3.95 billion and expects to generate free cash flow between $2 billion and $2.2 billion. Despite pausing their share repurchase program ahead of the H&E acquisition closing, they announced a 10% increase in their quarterly dividend to $1.79 per share.Record Revenue and Growth
United Rentals reported record total revenue for Q4 2024, growing 9.8% year-over-year to almost $4.1 billion. Rental revenue grew by 9.7% to $3.4 billion, both setting fourth quarter records.
Specialty Business Expansion
Specialty rental revenue grew by more than 30% year-over-year, with organic growth of 18% excluding recent acquisitions. The company added 15 cold-starts in the quarter, totaling 72 for the full year.
Strong Used Equipment Market
United Rentals sold over $850 million of original equipment cost in the quarter, a record for any quarter in its history, demonstrating strong demand in the used market.
Record Adjusted EBITDA and EPS
Adjusted EBITDA reached a fourth quarter record of $1.9 billion, with a margin over 46%. Adjusted EPS also set a record at $11.59.
Financial Returns and Shareholder Value
Free cash flow totaled nearly $2.1 billion, with a healthy free cash flow margin over 13%. The company returned over $1.9 billion to shareholders through share buybacks and dividends, and announced a 10% increase in the quarterly dividend to $1.79 per share.
Positive 2025 Guidance
United Rentals expects 2025 to be another year of growth, led by large project growth. Total revenue is expected to range from $15.6 billion to $16.1 billion, implying full year growth of 3.3% at midpoint.
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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
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URI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $756.59 | $772.24 | +2.07% |
| Oct 23, 2024 | $830.63 | $821.48 | -1.10% |
| Jul 24, 2024 | $711.12 | $749.31 | +5.37% |
| Apr 24, 2024 | $649.34 | $684.75 | +5.45% |
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.
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FAQ
When does United Rentals (URI) report earnings?
United Rentals (URI) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is United Rentals (URI) earnings time?
United Rentals (URI) earnings time is at Apr 23, 2025, TBA Not 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 2025 (Q1) is 8.96.
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