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Stock impact report

United Rentals Announces Record First Quarter Results and Raises 2024 Guidance to Reflect the Acquisition of Yak [Yahoo! Finance]

United Rentals, Inc. (URI) 
Last united rentals, inc. earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
and raised its full-year 2024 guidance to include the expected financial contribution from the company's acquisition of Yak on March 15, 2024. First Quarter 2024 Highlights Total revenue of $3.485 billion, including rental revenue of $2.929 billion. Net income of $542 million, at a margin of 15.6%. GAAP diluted earnings per share of $8.04, and adjusted EPS of $9.15. Adjusted EBITDA of $1.587 billion, at a margin of 45.5%. Year-over-year, fleet productivity increased 4.0%. Net cash provided by operating activities of $1.029 billion; free cash flow of $869 million, including gross payments for purchases of rental equipment of $511 million. Gross rental capital expenditures of $595 million. Returned $485 million to shareholders, comprised of $375 million via share repurchases and $110 million via dividends paid. Net leverage ratio of 1.7x, with total liquidity of $3.561 billion, at March 31, 2024. CEO Comment Matthew Flannery, chief executive officer of United Renta Show less Read more
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