United Rentals misses profit estimates on inflationary costs
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FILE PHOTO: Equipment for rent outside of the United Rentals store in Denver, Colorado July 19, 2017. REUTERS/Rick Wilking/File Photo
(Reuters) - United Rentals, which rents out equipment to the manufacturing and construction sectors across North America, missed analysts' estimate for fourth-quarter profit on Wednesday, hit by inflationary costs.
United Rentals, one of the largest equipment rental firms in the world, posted an adjusted profit of $11.59 per share for the quarter ended Dec. 31, compared with analysts' average estimate of $11.65, according to data compiled by LSEG.
For 2025, the Stamford, Connecticut-based company expects to post revenue between $15.6 billion and $16.1 billion, the midpoint of which is above estimates of $15.82 billion.
The company reported total revenue of $4.09 billion for the quarter, compared with estimates of $3.94 billion.
(Reporting by Nathan Gomes in Bengaluru; Editing by Maju Samuel)
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