United Rentals (URI) Tops Q2 EPS by $1.39; Raises Outlook
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United Rentals Announces Record Second Quarter Results and Raises 2022 Guidance for Revenue, Adjusted EBITDA¹ and Cash Flows²
July 27, 2022 4:15 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the second quarter of 2022 and raised its full-year guidance for total revenue, adjusted EBITDA, net cash provided by operating activities and free cash flow.2
Second Quarter 2022 Highlights
Total revenue of $2.771 billion, including rental revenue3 of $2.462 billion. Fleet productivity4 increased 11.3% year-over-year. Net income of $493 million, at a margin5 of 17.8%. GAAP diluted earnings per share of $6.90, and adjusted EPS1 of $7.86. GAAP and adjusted EPS both include $0.55 of one-time tax benefits. Adjusted... More