Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
United Rentals ( (URI) ) just unveiled an announcement.
United Rentals announced record third-quarter results for 2024, with a total revenue of $3.992 billion and a net income of $708 million. The company reaffirmed the mid-points of its 2024 outlook and showcased strong growth driven by its construction and industrial markets. Despite a decrease in used equipment sales, their rental revenue hit a record $3.463 billion, bolstered by the Yak acquisition. CEO Matthew Flannery emphasized the company’s commitment to safety, productivity, and sustainability, while focusing on long-term shareholder value through profitable growth and strategic capital allocation.
For detailed information about URI stock, go to TipRanks’ Stock Analysis page.