United Rentals (NYSE: URI) reported Q4 EPS of $9.74, $0.36 worse than the analyst estimate of $10.10. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.29 billion.

GUIDANCE:

United Rentals sees FY2023 revenue of $13.7-14.2 billion, versus the consensus of $13.46 billion.

2023 Outlook

The company provided the following outlook for 2023.

		2023 Outlook		2022 Actual
Total revenue		$13.7 billion to $14.2 billion		$11.642 billion
Adjusted EBITDA7		$6.6 billion to $6.85 billion		$5.618 billion
Net rental capital expenditures after gross purchases		$2.0 billion to $2.25 billion, after gross purchases of $3.3 billion to $3.55 billion		$2.471 billion net, $3.436 billion gross
Net cash provided by operating activities		$4.4 billion to $4.8 billion		$4.433 billion
Free cash flow (excluding merger and restructuring related payments, which were $4 million in 2022)		$2.1 billion to $2.35 billion		$1.768 billion

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