United Rentals ( (URI) ) has released its Q4 earnings. Here is a breakdown of the information United Rentals presented to its investors.
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United Rentals, Inc. is the largest equipment rental company globally, providing rental equipment services primarily in North America, Europe, Australia, and New Zealand. The company serves a diverse customer base, including construction and industrial sectors, utilities, and municipalities.
United Rentals announced record results for the fourth quarter and full-year 2024, showcasing strong financial performance and strategic progress. The company reported significant growth in revenue, net income, and adjusted EBITDA, driven by its strategic focus on enhancing customer value and operational efficiency.
Key financial highlights include total revenue of $4.095 billion for the fourth quarter, with rental revenue contributing $3.422 billion. Net income for the quarter reached $689 million, while adjusted EBITDA amounted to $1.900 billion. For the full-year 2024, United Rentals achieved $15.345 billion in total revenue, with a notable increase in fleet productivity and a net leverage ratio of 1.8x. The company also returned $1.934 billion to shareholders through share repurchases and dividends.
Looking ahead to 2025, United Rentals has set a positive outlook, projecting total revenue between $15.6 billion and $16.1 billion, and adjusted EBITDA in the range of $7.2 billion to $7.45 billion. The company is poised for continued growth, driven by strong customer demand and strategic acquisitions, including the pending acquisition of H&E Equipment Services, Inc.
Overall, United Rentals remains focused on delivering profitable growth and attractive shareholder returns, supported by its comprehensive playbook and commitment to operational excellence. The company’s forward-looking strategy aims to capitalize on market opportunities while managing financial leverage effectively.
