United Rentals (NYSE: URI) reported Q3 EPS of $2.20, $0.12 better than the analyst estimate of $2.08. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.51 billion.

CEO Comments

Michael Kneeland, chief executive officer of United Rentals, said, "The third quarter provided further confirmation that our strategy and the North American construction recovery are both solidly on track. Our end markets are continuing to rally, creating numerous opportunities for well-managed, profitable growth. We reported a robust 16% increase in rental revenue for the quarter— and more importantly, the discipline behind that growth is evident in our record EBITDA margin and gains in volume, utilization and rates."

Kneeland continued, "While we reported very strong results, we believe they reflect just a fraction of what our company can achieve over multiple years in the forecasted upcycle. More immediately, we believe that the current uncertainty in the financial markets relates to global concerns, and not North America. We'll continue to take the actions that drive returns over time, including rigorous fleet management, the expansion of our specialty rental lines, and transformational measures for greater productivity."

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