United Rentals Announces Second Quarter 2020 Results
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United Rentals (URI) Tops Q2 EPS by $1.82, Revenues Beat; Provides FY20 Revenue Outlook
July 29, 2020 4:29 PM EDTUnited Rentals (NYSE: URI) reported Q2 EPS of $3.68, $1.82 better than the analyst estimate of $1.86. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.83 billion.
Second Quarter 2020 Highlights
Total revenue of $1.939 billion, including rental revenue1 of $1.642 billion.Fleet productivity2 decreased 13.6% year-over-year, reflecting the impact of COVID-19 on volumes; trends improved through the quarter with OEC-on-Rent at the end of June almost 14% above... More