United Rentals 3Q Sales Climb 18% - Modern Distribution Management

United Rentals 3Q Sales Climb 18%

Profit for the equipment rental company more than doubled to $65 million for the quarter.

United Rentals, Inc. (NYSE: URI), Greenwich, CT, reported total revenue for the third quarter was $713 million and rental revenue was $604 million, compared with $605 million and $507 million, respectively, for the same period last year. Profit was $65 million, compared with $23 million a year ago.

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\”While our customers remain bullish about construction activity next year and there is a deepening belief in rental penetration, our business model provides us with the flexibility to respond, as we have in the past, to anything we may experience in 2012,\” CEO Michael Kneeland said.

For the first nine months of 2011, the company reported total revenue of $1.9 billion and rental revenue of $1.6 billion, compared with $1.6 billion and $1.3 billion, respectively, for the same period last year. Profit was $72 million, compared with a year-ago loss of $5 million.

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