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Jun 30, 2021
United Rentals Q2 2021 Earnings Report
Announced second quarter 2021 results and raised 2021 guidance.
Key Takeaways
United Rentals reported strong second-quarter results, with total revenue reaching $2.287 billion and net income of $293 million. Fleet productivity increased by 17.8% year-over-year, and the company raised its full-year 2021 guidance, reflecting the expected contribution from recent acquisitions and accelerated momentum in its underlying business.
Total revenue reached $2.287 billion, including rental revenue of $1.951 billion.
Fleet productivity increased 17.8% year-over-year.
Net income was $293 million, with a net income margin of 12.8%, and adjusted EPS was $4.66, including approximately $0.13 of one-time acquisition costs.
Adjusted EBITDA was $999 million, with an adjusted EBITDA margin of 43.7%, including approximately $13 million of one-time acquisition costs.
Revenue by Segment
Forward Guidance
The company has updated its 2021 outlook, in large part to reflect the expected contribution from the May 2021 acquisition of General Finance Corporation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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