United Rentals (URI) Tops Q3 EPS by 18c, Revenues Beat; Boosts FY18 Revenue Outlook Above Consensus
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United Rentals Announces Third Quarter 2018 Results and Raises 2018 Total Revenue and Adjusted EBITDA Guidance
October 17, 2018 4:15 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the third quarter 20181. Total revenue was $2.116 billion and rental revenue was $1.861 billion for the third quarter, compared with $1.766 billion and $1.536 billion, respectively, for the same period last year. On a GAAP basis, the company reported third quarter net income of $333 million, or $4.01 per diluted share, compared with $199 million, or $2.33 per diluted share, for the same period last year. The third quarter 2018 includes a net income benefit associated with the Tax Cuts and Jobs Act (the Tax Act) that was... More
