United Rentals Announces First Quarter 2021 Results and Raises 2021 Guidance Following Strong Start to Year
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United Rentals (URI) Tops Q1 EPS by 38c, Revenues Beat; Raises FY21 Revenue Guidance Above Consensus
April 28, 2021 4:17 PM EDTUnited Rentals (NYSE: URI) reported Q1 EPS of $3.45, $0.38 better than the analyst estimate of $3.07. Revenue for the quarter came in at $2.06 billion versus the consensus estimate of $2 billion.
First Quarter 2021 Highlights
Total revenue of $2.057 billion, including rental revenue1 of $1.667 billion.Fleet productivity2 decreased 0.5% year-over-year; fleet productivity improved sequentially by 330 basis points, primarily due to better fleet absorption.Net income... More