The 2020 Mid-Year Economic Update_long

United Rentals Revenue Up 6.2% in 2Q

Rental revenue increased 17 percent in the quarter.

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.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.