Need Help? (888) 742-5060

In The News:

United Rentals Revenue Up 6.2% in 2Q

United Rentals, Inc. (NYSE: URI), Stamford, CT, reported second-quarter sales of $1.4 billion, up 6.2 percent over the same period a year ago. Rental revenue was $1.2 billion, up 17 percent year-over-year.

Profit grew 13 percent to $94 million.

"Our strong performance in the quarter reflects significantly more equipment on rent at better margins than a year ago, resulting in a new high water mark for second quarter EBITDA margin,” CEO Michael Kneeland said. “The rebound in nonresidential construction is continuing to drive up demand, particularly in the energy and commercial sectors."

For the first six months, sales were $2.6 billion, up 12 percent year-over-year. Rental revenue grew 13 percent to $2.2 billion.

Half-year profit grew 48 percent to $154 million.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center