United Rentals (NYSE: URI) reported Q4 EPS of $3.34, $0.05 better than the analyst estimate of $3.29. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.88 billion.

CEO Comments

Michael Kneeland, chief executive officer of United Rentals, said, "We capped a year of record results with a strong fourth quarter finish on the back of broad-based demand. Pro forma volume increased nearly 9% year-over-year in the quarter, and rental rates were up 2%. For the full year, we exceeded the upper-band of guidance on total revenue, adjusted EBITDA and free cash flow, and increased our ROIC by 50 basis points year-over-year to its highest level since 2015."

Kneeland continued, "Our 2018 guidance reflects the confidence we feel in our operating environment based on what we hear from customers and see in key leading indicators. Our optimism is further supported by the tailwinds we expect from leveraging our 2017 acquisitions and our ongoing investments in people and technology, as well as the recent U.S. tax reform. Our strategy remains focused on balancing growth and returns to maximize our long-term value."

GUIDANCE:

United Rentals sees Q1 2018 revenue of $7.3-7.6 billion, versus the consensus of $7.53 billion.

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