United Rentals 2020 Sales Down 10.3%

United Rentals also reported that sales for the fourth quarter of 2020 fell 10.1% compared to the same period of 2019.
United Rentals 4Q 2020

United Rentals Inc. (NYSE: URI), Stamford, Connecticut, reported sales for 2020 of $7.1 billion, down 10.3% compared to 2019. Profit of $890 million was down 24.2% compared with a year ago.

“Results for the fourth quarter exceeded our expectations, driven by stronger rental volume and robust used equipment sales,” said Matthew Flannery, CEO of United Rentals. “We are encouraged by the momentum this gives us going into 2021.

“Our guidance reflects an improvement in customer sentiment as the economy continues to heal, and our own confidence in our ability to execute. After lapping a challenging comp in the first quarter, we expect to pivot back to growth through the remainder of the year, which, together with continued cost discipline, will deliver strong profitability. We anticipate another robust year of free cash flow generation, after significantly increasing our capex to support growing demand.”

In the fourth quarter, sales of $1.9 billion were down 10.1% compared to the year-ago period. Profit of $297 million was down 12.1% compared with a year ago.

Related Posts

About the Author
Recommended Reading
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.

Subscribe to continue reading

MDM Premium Subscribers 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


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



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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.