URI Q1 2024 Earnings — United Rentals, Inc. Revenue & Financial Results | Market Cap Arena

URIUnited Rentals, Inc.

$50B

Q1 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$3.5B+6.1% YoY

Gross Profit

$1.2B35.6% margin

Operating Income

$853M24.5% margin

Net Income

$542M15.6% margin

EPS (Diluted)

$8.04

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$460M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$26.7B

Total Liabilities

$18.5B

Stockholders' Equity

$8.1B

Cash & Equivalents

$429M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.3B	+6.1%
Gross Profit	$1.2B	$1.1B	+10.6%
Operating Income	$853M	$741M	+15.1%
Net Income	$542M	$451M	+20.2%

Revenue Segments

Owned Equipment Rentals

$2.4B69%

Ancillary and Other Rental Revenue

$470M13%

Rental Equipment

$383M11%

Service and Other Revenues

$89M3%

Re-rent Revenue

$55M2%

New Equipment

$48M1%

Contractor Supplies

$36M1%