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United Rentals, Inc. (NYSE: URI), Stamford, CT, reported double-digit increases for the fourth-quarter and full-year 2018.
Fourth-quarter sales rose 20 percent to $2.3 billion, and profit was $310 million. For the full year, sales rose 21 percent to $8.047 billion, and profit was $1.096 billion.
The company said fourth-quarter rental revenue rose 21 percent to $1.99 billion, and full-year rental revenue rose 21 percent to $6.94 billion.
“We delivered strong fourth quarter results, including broad volume growth and rental rate improvement, in a year that leveraged our numerous competitive advantages,” Michael Kneeland, the company’s chief executive officer, said in a statement announcing the results.