- Adjusted EPS: $10.70, exceeding the estimate of $10.58 and up from $9.88 year-over-year.
- Total Revenue: $3.77 billion, matching the estimate and reflecting a 6.2% increase year-over-year.
- Rental Revenue: $3.22 billion, slightly above the $3.21 billion estimate, showing a 7.8% increase year-over-year.
- Service and Other Revenue: $90 million, exactly meeting the estimate and up 7.1% year-over-year.
- Contractor Supplies Sales: $42 million, surpassing the $38.9 million estimate with a 14% growth year-over-year.
- Sales of Rental Equipment: $365 million, significantly higher than the $70.7 million estimate.
- Sales of New Equipment: $61 million, a 13% decline year-over-year, much lower than the $368.6 million estimate.
- Adjusted EBITDA: $1.77 billion, slightly above the $1.76 billion estimate and up 4.4% year-over-year.
- Adjusted EBITDA Margin: 46.9%, aligned with the estimate but down from 47.7% year-over-year.
- Outlook: The company has tightened its revenue and adjusted EBITDA outlook ranges while reaffirming the mid-points of its 2024 outlook.
- Analyst Ratings: 12 buys, 7 holds, and 5 sells.
United Rentals on Smartkarma
Analysts on Smartkarma, such as Baptista Research, are closely covering United Rentals (URI) and providing valuable insights on the company’s performance. In a report titled “United Rentals: Is Their Solid M&A Strategy Paying Off? – Major Drivers,” Baptista Research highlights URI’s strong Q1 results, with total revenue up 6% YoY to $3.5 billion, rental revenue growing by 7%, and fleet productivity increasing by 4%. The report also notes an impressive Adjusted EBITDA of $1.6 billion and a margin of 45.5%, along with a 15% growth in Adjusted EPS to $9.15.
In another report by Baptista Research, “United Rentals Inc: Increased Used Equipment Sales & Other Major Drivers,” the analyst emphasizes URI’s record-breaking performance in the fourth quarter, attributing it to a customer-centric operational approach and strategic acquisitions. The company achieved exceptional revenue, earnings, and returns, showcasing a successful integration strategy. These insightful reports provide investors with a comprehensive overview of United Rentals and its potential for growth and value creation.
A look at United Rentals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Rentals, Inc. has received a mixed bag of ratings from Smartkarma Smart Scores for its long-term outlook. With a strong Growth score of 5, the company seems poised for expansion and development in the future. Momentum also scored well at 4, indicating the company has positive trends that may continue. However, other factors like Value, Dividend, and Resilience scored lower at 2, suggesting these areas may need improvement for long-term stability.
United Rentals, Inc. operates as an equipment rental company, offering its services across the United States and Canada. The company caters to various sectors including construction, industrial, commercial businesses, as well as individual homeowners. Despite some lower scores in fundamental areas, the company’s robust Growth and Momentum ratings may drive future performance and indicative of its potential for long-term success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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