United Rentals (URI) Tops Q4 EPS by 39c, Revenues Beat; Offers FY20 Revenue Outlook, Announces New $500M Share Buyback Plan

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Go back to United Rentals (URI) Tops Q4 EPS by 39c, Revenues Beat; Offers FY20 Revenue Outlook, Announces New $500M Share Buyback Plan

United Rentals Announces Fourth Quarter and Full Year 2019 Results

January 29, 2020 4:15 PM EST

Introduces 2020 Outlook and Announces New $500 Million Share Repurchase Program

STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the fourth quarter and full year 20191.

Fourth Quarter 2019

Total revenue increased 6.5% to $2.456 billion and rental revenue increased 3.7% to $2.062 billion. On a GAAP basis, the company reported fourth quarter net income of $338 million, or $4.49 per diluted share ("EPS"), compared with $310 million, or $3.80 per diluted share, for the same period in 2018. Diluted EPS for the quarter increased 18.2% year-over-year. Adjusted EPS2 for the quarter increased... More