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Jun 30, 2022
United Rentals Q2 2022 Earnings Report
Announced record second quarter results and raised 2022 guidance for revenue, adjusted EBITDA and cash flows.
Key Takeaways
United Rentals announced record second quarter results with total revenue of $2.771 billion and net income of $493 million. The company raised its full-year guidance for total revenue, adjusted EBITDA, net cash provided by operating activities and free cash flow.
Total revenue of $2.771 billion, including rental revenue of $2.462 billion.
Fleet productivity increased 11.3% year-over-year.
Net income of $493 million, at a margin of 17.8%. GAAP diluted earnings per share of $6.90, and adjusted EPS of $7.86. GAAP and adjusted EPS both include $0.55 of one-time tax benefits.
Adjusted EBITDA of $1.311 billion, at a margin of 47.3%.
Revenue by Segment
Forward Guidance
The company has updated its 2022 outlook for total revenue to $11.4 billion to $11.7 billion, adjusted EBITDA to $5.4 billion to $5.55 billion, and free cash flow to $1.85 billion to $2.05 billion.
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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