United Rentals (URI) Misses Q4 EPS by 5c, Revenues Beat; Offers FY19 Revenue Outlook

United Rentals (NYSE: URI) reported Q4 EPS of $4.85, $0.05 worse than the analyst estimate of $4.90. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.22 billion.

Michael Kneeland, chief executive officer of United Rentals, said, "We delivered strong fourth quarter results, including broad volume growth and rental rate improvement, in a year that leveraged our numerous competitive advantages. Our integration of major acquisitions expanded our service offering, and we gained traction from investments in fleet and technology. For the full year, we grew pro forma rental revenue by 10.5%, improved our adjusted EBITDA margin, and increased ROIC to a record 11%."

Kneeland continued, "Our momentum in the quarter gave us a strong start to 2019, when we expect to once again outpace the industry. By reaffirming our guidance, we’re underscoring our confidence in the cycle and our differentiation in the marketplace. Customer feedback, as well as key internal and external indicators, continue to point to healthy end-market activity. We remain focused on balancing growth, margins, returns and free cash flow to maximize shareholder value."

GUIDANCE:

United Rentals sees FY2019 revenue of $9.15-9.55 billion, versus the consensus of $9.23 billion.

For earnings history and earnings-related data on United Rentals (URI) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• Comfort Systems USA names new COO and Chief Strategy Officer
• Sun Communities names Ileana McAlary as general counsel and EVP