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Stock impact report

Equipment Rentals Aids United Rentals (URI) in Q1 Earnings [Yahoo! Finance]

United Rentals, Inc. (URI) 
Last united rentals, inc. earnings: 4/29 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This increase occurred despite broader indexes experiencing declines attributed to slower-than-expected GDP growth and increasing consumer prices. This largest equipment rental company reported first-quarter adjusted earnings per share of $9.15, ahead of the consensus mark by 9.6%, and total revenues were also modestly ahead of the mark by 2.1%. Earnings grew 15.1% year over year on 6.1% higher revenues in the quarter. EBITDA margin compressed 30 basis points (bps) year over year, mostly reflecting lower gross margin on used equipment sales. Nonetheless, margins in the core business remain healthy and Specialty gross margin, in particular, improved 200 bps from a year ago due to strong fixed cost absorption on higher revenues. (Read more: United Rentals Stock Up on Q1 Earnings & Revenue Beat) Equipment Rentals Continues to Support Growth Equipment Rentals segment revenues, which is its primary revenue source accounting for 84% of first-quarter revenues, experienced a robust 6. Show less Read more
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