United Rentals Inc. announced financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.22 billion, compared with $1.399 billion and $1.179 billion, respectively, for the same period last year.
Second Quarter 2015 Highlights Include:
- Rental revenue (which includes owned equipment rental revenue, re-rent revenue and ancillary items) increased 3.5 percent year-over-year. Within rental revenue, owned equipment rental revenue increased 3.7 percent, reflecting year-over-year increases of 2.8 percent in the volume of equipment on rent and 1.5 percent in rental rates.
- Return on invested capital was 8.9 percent for the 12 months ended June 30, 2015, an increase of 0.8 percentage points from the 12 months ended June 30, 2014.
- Time utilization decreased 150 basis points year-over-year to 66.6 percent. Excluding the branches with the most exposure to upstream oil and gas, time utilization decreased 30 basis points year-over-year.