RBC Capital Downgrades United Rentals (URI) to Outperform

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Go back to RBC Capital Downgrades United Rentals (URI) to Outperform

United Rentals Announces Second Quarter 2015 Results, Updates Full Year Outlook

July 22, 2015 4:10 PM EDT

Announces New $1 Billion Share Repurchase Program

STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.220 billion, compared with $1.399 billion and $1.179 billion, respectively, for the same period last year. On a GAAP basis, the company reported second quarter net income of $86 million, or $0.88 per diluted share, compared with $94 million, or $0.90 per diluted share, for the same period last year.1

Adjusted EPS2 for the quarter was $1.95 per diluted share, compared with $1.65 per... More