United Rentals, Inc. (NYSE: URI), Greenwich, CT, reported total revenue for the first quarter was $478 million, a decrease of 18.5 percent for the same period last year. Rental revenue was $380 million. The company recorded a net loss of $40 million for the period, compared to a year-ago loss of $19 million.
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\”Twelve months ago, we were in the midst of an economic free fall in our end markets. Today we see signs of a more positive outlook for our industry, with the foremost indicator being used equipment prices,\” CEO Michael Kneeland said. \”As conditions improve over time, the results of our strategic initiatives around customer segmentation and service, as well as our strong liquidity position and industry-leading scale, will be defining advantages.\”
2010 Wholesale Distribution Economic Report: Industrial Distributors – Download Now
