United Rentals (URI) Misses Q2 EPS by 19c; Raises Outlook
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United Rentals Announces Second Quarter 2021 Results and Raises 2021 Guidance
July 28, 2021 4:15 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the second quarter of 2021 and raised its full-year 2021 guidance.
Second Quarter 2021 Highlights
Total revenue of $2.287 billion, including rental revenue1 of $1.951 billion. Fleet productivity2 increased 17.8% year-over-year; fleet productivity improved by over 1,800 basis points sequentially, driven primarily by better fleet absorption. Net income of $293 million, implying a net income margin3 of 12.8%. GAAP diluted earnings per share of $4.02, and adjusted EPS3 of $4.66, including approximately $0.13 of one-time costs related to acquisitions. Adjusted EBITDA3 of $999... More