Latest news with #EquipmentRental
Yahoo
23-07-2025
- Business
- Yahoo
United Rentals raises annual revenue forecast, misses quarterly profit estimates
(Reuters) -Equipment rental company United Rentals raised its annual revenue forecast on Wednesday but reported second-quarter profit below Wall Street estimates. The Stamford, Connecticut-based company benefited from construction end markets - infrastructure and non-residential, driven by robust spending on national megaprojects. However, an inflationary environment and rising costs further pressured company's margins, affecting profitability during the quarter. United Rentals now expects full-year revenue between $15.8 billion and $16.1 billion, up from its previous projection of $15.6 billion to $16.1 billion. The company said that it has raised its planned share repurchases for 2025 by $400 million, bringing the total to $1.9 billion. United Rentals reported an adjusted profit of $10.47 per share for the quarter ended June 30, missing analysts' average estimate of $10.54 per share, according to data compiled by LSEG. Total revenue for the quarter was $3.94 billion, compared to analysts' expectations of $3.9 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
United Rentals (URI) To Report Earnings Tomorrow: Here Is What To Expect
Equipment rental company United Rentals (NYSE:URI) will be reporting results this Wednesday after market hours. Here's what you need to know. United Rentals beat analysts' revenue expectations by 2.5% last quarter, reporting revenues of $3.72 billion, up 6.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts' organic revenue estimates and a solid beat of analysts' EBITDA estimates. Is United Rentals a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting United Rentals's revenue to grow 3.6% year on year to $3.91 billion, slowing from the 6.2% increase it recorded in the same quarter last year. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 13 analysts). United Rentals has missed Wall Street's revenue estimates three times over the last two years. Looking at United Rentals's peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts' expectations by 0.5%, and MSC Industrial reported flat revenue, in line with consensus estimates. Fastenal traded up 4.2% following the results while MSC Industrial was also up 5.4%. Read our full analysis of Fastenal's results here and MSC Industrial's results here. There has been positive sentiment among investors in the industrial distributors segment, with share prices up 5.9% on average over the last month. United Rentals is up 8.6% during the same time. When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Al Bawaba
26-06-2025
- Business
- Al Bawaba
Al Masaood Equipment Rental Wraps Up a Strong Presence at the Middle East Event Show 2025
Al Masaood Equipment Rental, part of Abu Dhabi's Al Masaood Group, has just concluded a successful participation at the Middle East Event Show 2025 in Dubai. Engaging with over 5,000 industry stakeholders from across the region, the event provided a strategic platform for the Division to connect with decision-makers shaping the future of the events a dynamic stand experience and targeted seminars on innovation, sustainability, and emerging technologies, Al Masaood Equipment Rental spotlighted its full suite of rental solutions tailored for event operations. These include a fleet of power, energy, and lighting solutions, as well as temporary buildings and fencing the exhibition, Al Masaood Equipment Rental served as a Gold Sponsor of the awards ceremony, where the division presented the evening's awards, further cementing its role in the region's growing events ecosystem. Norma Shaheen, General Manager, Al Masaood Equipment Rental said 'Our participation as a Gold Sponsor at the Middle East Event Show marks another proud milestone for Al Masaood Equipment Rental. Over the past two years, we've grown into a trusted partner for some of the UAE's most iconic events from Dubai Seven's, Liwa Festival, MOTN to Saadiyat Nights, delivering integrated solutions in power, lighting, and infrastructure. This momentum reflects our team's dedication and our unwavering commitment to elevating the events and entertainment industry'. Established in 2023, Al Masaood Equipment Rental was formed as a strategic synergy between Al Masaood Bergum and Al Masaood Power Division, catering to multiple industries such as events, entertainment, oil & gas, construction, power, marine, and many others.
