United Rentals (URI) Tops Q1 EPS by 74c; Raises Outlook
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United Rentals Announces Record First Quarter Results and Raises 2022 Guidance for Revenue, Adjusted EBITDA and Both Operating and Free Cash Flow
April 27, 2022 4:15 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2022 and raised its full-year guidance for total revenue, adjusted EBITDA1, net cash provided by operating activities and free cash flow2.
First Quarter 2022 Highlights
Total revenue of $2.524 billion, including rental revenue3 of $2.175 billion. Fleet productivity4 increased 13.0% year-over-year. Net income of $367 million, at a margin1 of 14.5%. GAAP diluted earnings per share of $5.05, and adjusted EPS1 of $5.73. Adjusted EBITDA of $1.139 billion, at a margin1 of 45.1%. $886... More