United Rentals, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the Full Year 2019
January 23, 2019 at 04:59 pm EST
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United Rentals, Inc. announced consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total revenues of $2,306 million against $1,922 million a year ago. Operating income was $563 million against $462 million a year ago. Net income was $310 million against $897 million a year ago. Diluted earnings per share were $3.80 against $10.45 a year ago.
For the year, the company reported total revenues of $8,047 million against $6,641 million a year ago. Operating income was $1,951 million against $1,507 million a year ago. Net income was $1,096 million against $1,346 million a year ago. Diluted earnings per share were $13.12 against $15.73 a year ago.
For the year, the company expects total revenue to range between $9.15 billion to $9.55 billion.
United Rentals, Inc. is specialized in equipment rental services intended especially for the construction and manufacturing industries, public services, governmental agencies and private individuals. Net sales break down by activity as follows:
- equipment rentals (86.9%);
- sale of rental equipment (8.3%);
- sale of new equipment (1.3%);
- sale of equipment to businesses (1.1%);
- other (2.4%): in particular, repair services and spare part sales.
Net sales per market are split between general industry (73.7%), electrical energy and security (26.3%).
The United States account for 90.1% of net sales.
United Rentals, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the Full Year 2019