United Rentals (URI) Misses Q4 EPS by 36c, FY Revenue Guidance Tops Views
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United Rentals Announces Record Fourth Quarter and Full-Year¹ 2022 Results, Introduces 2023 Outlook, Dividend Program and Restart of Share Repurchase Program
January 25, 2023 4:15 PM ESTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the fourth quarter of 2022 and reported its full-year results on Form 10-K. The company also announced its full-year 2023 guidance, the initiation of a quarterly dividend of $1.48 per share, equating to an initial annualized yield of approximately 1.5%, and its plan to restart its share repurchase program, with the intent to buyback $1.0 billion of common stock in 2023.
Fourth Quarter 2022 Highlights
Total revenue of $3.296 billion, including rental revenue2 of $2.747 billion. Fleet productivity3 increased... More