United Rentals reports Q1 adjusted EPS $9.15, consensus $8.32

Reports Q1 revenue $3.485B, consensus $3.44B. Matthew Flannery, chief executive officer of United Rentals, said, “We’re pleased with our start to 2024, which delivered first quarter records across revenue, adjusted EBITDA, and EPS. Our results are a testament to the team’s commitment to putting our customers at the center of everything we do and efficiently leveraging our competitive advantages. Our acquisition of Yak last month provides another excellent example of our strategy to grow our specialty rental business, differentiate our one-stop-shop capabilities and capitalize on both secular growth and cross-selling opportunities.”