Loading...
•
Dec 31, 2019
United Rentals Q4 2019 Earnings Report
Announced fourth quarter and full year 2019 results and introduced 2020 outlook.
Key Takeaways
United Rentals reported a 6.5% increase in total revenue to $2.456 billion for the fourth quarter of 2019. Net income increased 9.0% year-over-year to $338 million, or $4.49 per diluted share. Adjusted EPS increased 15.5% year-over-year to $5.60.
Total revenue increased 6.5% to $2.456 billion and rental revenue increased 3.7% to $2.062 billion.
On a GAAP basis, the company reported fourth quarter net income of $338 million, or $4.49 per diluted share.
Adjusted EBITDA increased 3.3% year-over-year to $1.154 billion, while adjusted EBITDA margin decreased 140 basis points to 47.0%.
The company's Board of Directors authorized a new $500 million share repurchase program which will commence in the first quarter of 2020.
Revenue by Segment
Forward Guidance
The company provided the following outlook for 2020. Total revenue is expected to be between $9.4 billion and $9.8 billion and adjusted EBITDA is expected to be between $4.35 billion and $4.55 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
Loading earnings performance data...
Loading earnings reaction data...