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Mar 31, 2020
United Rentals Q1 2020 Earnings Report
United Rentals announced first quarter 2020 results and withdrew full-year guidance.
Key Takeaways
United Rentals' first quarter performance was largely in line with expectations until mid-March, when COVID-19 began to impact operations. Total revenue increased 0.4% to $2.125 billion, while rental revenue decreased 0.7% to $1.783 billion. The company reported a net income of $173 million, or $2.33 per diluted share.
Total revenue increased 0.4% to $2.125 billion and rental revenue decreased 0.7% to $1.783 billion.
Net income was $173 million, or $2.33 per diluted share.
Adjusted EPS increased 1.2% year-over-year to $3.35.
Total liquidity was $3.083 billion as of March 31, 2020, including $513 million of cash and cash equivalents.
Revenue by Segment
Forward Guidance
The company withdrew its full-year 2020 financial guidance due to the operational and financial impacts from COVID-19.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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