United Rentals: Fourth Quarter Earnings Overview

United Rentals Announces Fourth-Quarter Financial Results

United Rentals Inc., headquartered in Stamford, Connecticut, has released its financial report for the fourth quarter, revealing a net income of $653 million.

The company reported earnings of $10.27 per share for the quarter. After accounting for expenses related to mergers, acquisitions, and other one-time items, adjusted earnings stood at $11.09 per share.

These figures came in below analysts’ projections. According to a survey by Zacks Investment Research involving nine analysts, the consensus estimate was $11.90 per share.

Quarterly revenue reached $4.21 billion, which also did not meet expectations. Eight analysts polled by Zacks had anticipated revenue of $4.26 billion.

For the full year, United Rentals posted a profit of $2.49 billion, or $38.61 per share, with total revenue amounting to $16.1 billion.

Looking ahead, the company forecasts its annual revenue for the coming year to fall between $16.8 billion and $17.3 billion.