United Rentals (URI) Tops Q2 EPS by $1.82, Revenues Beat; Provides FY20 Revenue Outlook
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United Rentals Announces Second Quarter 2020 Results
July 29, 2020 4:26 PM EDTReintroduces Full-Year Guidance
STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the second quarter of 2020 and reintroduced full-year 2020 guidance.
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 its April trough. Net income of $212 million with net income margin3 of 10.9%.... More