United Rentals Announces First Quarter 2018 Results and New $1.25 Billion Share Repurchase Program
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United Rentals (URI) Tops Q1 EPS by 44c, Approves $1.25B Buyback
April 18, 2018 4:16 PM EDTUnited Rentals (NYSE: URI) reported Q1 EPS of $2.87, $0.44 better than the analyst estimate of $2.43. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.68 billion.
Share Repurchase Program
In the fourth quarter of 2017, the company resumed its pre-existing $1 billion program to repurchase shares of its common stock (the Program). The Program commenced in November 2015 and was paused in October 2016 as the company evaluated potential acquisition opportunities. As of March 31, 2018, the company had completed $832 million of repurchases under the... More
