United Rentals, Inc. (NYSE: URI) reported Q4 EPS of $2.19, $0.12 better than the analyst estimate of $2.07. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.52 billion.

United Rentals, Inc. sees FY2015 revenue of $6-6.2 billion, versus the consensus of $6.16 billion. Additional 2015 outlook:

• Adjusted EBITDA in a range of $2.95 billion to $3.05 billion;
• An increase in rental rates of approximately 3.5% year-over-year;
• Time utilization of approximately 69%;
• Net rental capital expenditures of approximately $1.2 billion, after gross purchases of approximately $1.7 billion; and
• Free cash flow in a range of $725 million to $775 million

Michael Kneeland, chief executive officer of United Rentals, said, "We met or exceeded every target in our outlook for 2014, ending the year with a better-than-expected quarter and our highest return yet on invested capital. Our full year increases in rates and utilization helped drive up rental revenue at almost twice the pace of industry expansion, and we're in a strong position to grow the most profitable areas of our business, including our high-margin specialty rental lines."

Kneeland continued, "For 2015, we are guiding to record highs of over $6 billion in revenue and approximately $3 billion in adjusted EBITDA. Our industry is forecast to have multiple years of growth ahead, and our customers are upbeat. While we expect to see a drag in some trade areas from the slowdown in upstream oil, our exposure is greatly limited by our size, agility and diversification. Furthermore, we believe that low oil prices will be a boon to many sectors we serve, spurring demand in manufacturing and other markets hungry for our fleet."

For earnings history and earnings-related data on United Rentals, Inc. (URI) click here.