United Rentals Posts Slight Revenue Increase for Q3

October 26, 2015

United Rentals posted a third-quarter total revenue of $1.55 billion and rental revenue of $1.326 billion, compared with $1.544 billion and $1.315 billion, for the same period last year.

On a GAAP basis, the company reported third quarter net income of $215 million, or $2.25 per diluted share, compared with $192 million, or $1.84 per diluted share, for the same period last year.

Rental revenue (which includes owned equipment rental revenue, re-rent revenue and ancillary items) increased 0.8% year-over-year. Within rental revenue, owned equipment rental revenue increased 1.0%, reflecting a year-over-year increase of 2.4% in the volume of equipment on rent, partially offset by a 0.1% decrease in rental rates.

Safety and Power & HVAC businesses' rental revenue increased by 17.9% year-over-year.