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Dec 31, 2022
United Rentals Q4 2022 Earnings Report
Announced record Q4 and full-year 2022 results, introduced 2023 outlook, dividend program and restart of share repurchase program
Key Takeaways
United Rentals announced record fourth quarter results, capping an outstanding year with records for revenue, profitability, margins and returns. The company also introduced its full-year 2023 guidance, initiated a quarterly dividend, and plans to restart its share repurchase program.
Total revenue of $3.296 billion, including rental revenue of $2.747 billion.
Fleet productivity increased 5.9% year-over-year, including the impact of the acquisition of Ahern Rentals, Inc. in the quarter.
Net income of $639 million, at a margin of 19.4%. GAAP diluted earnings per share of $9.15, and adjusted EPS of $9.74.
Adjusted EBITDA of $1.647 billion, at a margin of 50.0%.
Revenue by Segment
Forward Guidance
The company provided the following outlook for 2023.
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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