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Dec 31, 2024
United Rentals Q4 2024 Earnings Report
United Rentals announced record fourth quarter and full-year 2024 results and introduced 2025 outlook for growth.
Key Takeaways
United Rentals reported record fourth-quarter results in 2024, with significant growth in revenue, EBITDA, and earnings, driven by the team's commitment and unique value proposition.
Total revenue reached $4.095 billion, including rental revenue of $3.422 billion.
Net income was $689 million, with a margin of 16.8%, and adjusted EPS of $11.59.
Adjusted EBITDA was $1.900 billion, with a margin of 46.4%.
Fleet productivity increased 4.3% year-over-year, or 2.0% excluding the Yak acquisition impact.
United Rentals
United Rentals
Forward Guidance
The company provided the following outlook for 2025. The outlook does not include the impact of the pending acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”).