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STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals”) announced today that it has withdrawn and refiled its Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with United Rentals' pending acquisition of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”). As previously announced on January 28, 2025, United Rentals, through its wholly owned subsidiary UR Merger Su.
URI's fourth-quarter results indicate record performance in the core rental business and a rise in used equipment sales.
United Rentals, Inc. (NYSE:URI ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Matthew Flannery - President & Chief Executive Officer Ted Grace - Executive Vice President & Chief Financial Officer Conference Call Participants Steven Fisher - UBS Blake Greenhalgh - Bank of America Tim Thein - Raymond James Ken Newman - Keybanc Capital Markets Scott Schneeberger - Oppenheimer Operator Good morning and welcome to the United Rentals' Investor Conference Call. Please be advised that this call is being recorded.
Although the revenue and EPS for United Rentals (URI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United Rentals (URI) came out with quarterly earnings of $11.59 per share, missing the Zacks Consensus Estimate of $11.77 per share. This compares to earnings of $11.26 per share a year ago.
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) announced today that its Board of Directors increased the company's quarterly dividend by 10% and declared a quarterly dividend of $1.79 per share, payable on February 26, 2025 to stockholders of record as of February 12, 2025. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,591 rental locations in North America, 39 in Europe, 37 in Austra.
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced financial results for the fourth quarter of 2024 and reported its full-year1 results on Form 10-K. The company also announced its full-year 2025 guidance and that its Board of Directors has approved a 10% increase to the company's quarterly dividend. Fourth Quarter 2024 Highlights Total revenue of $4.095 billion, including rental revenue2 of $3.422 billion. Net income of $689 million, at a margin3 of 16.8%. GAAP.
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “URI”) today announced that its indirect wholly-owned subsidiary, UR Merger Sub VII Corporation, a Delaware corporation (“Merger Sub”), has commenced the previously announced cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share (the “Shares”), of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) for a price of $92.00 per share, net to the.
URI's fourth-quarter 2024 results are likely to reflect large infrastructure projects and growth in its Specialty business. Slower growth in General Rental, inflation and cost pressures are risks.
Investors often overlook the importance of mergers and acquisitions (M&A) in their investments. M&A can help to turbocharge revenue growth faster than organic revenue, which may increase in many cases.