The 2020 Mid-Year Economic Update_long

United Rentals’ Q4 Sales Up 20%

Company reports strong sales and earnings in fourth quarter and for full year 2018.

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.

The results follow several acquisitions in 2017 and 2018, including NES Rentals Holdings, Neff Corp., BakerCorp International Holdings, Inc., and BlueLine.

“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.

 

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