United Rentals Inc. (NYSE: URI), Stamford, Connecticut, reported third-quarter sales of $2.2 billion, down 12.1% compared to a year ago. Profit of $208 million was down 46.8% compared with a year ago.
“We’re pleased with our third quarter results, particularly our cost performance and the quarter-over-quarter improvement in fleet absorption,” said Matthew Flannery, CEO of United Rentals. “I am incredibly proud of our team as they continue to provide outstanding support to our customers, while maintaining a strong focus on safety and disciplined execution.”
For the first nine months sales fell 9.3% to $6.3 billion. Profit decreased 29.1% to $593 million.