Jefferies Reiterates Buy on United Rentals (URI) Following a 2Q Beat
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United Rentals Announces Second Quarter 2016 Results
July 20, 2016 4:10 PM EDTReaffirms 2016 Financial Outlook; Updates Rate and Time Utilization Outlook
STAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced financial results for the second quarter 2016. Total revenue was $1.421 billion and rental revenue was $1.204 billion for the second quarter, compared with $1.429 billion and $1.220 billion, respectively, for the same period last year. On a GAAP basis, the company reported second quarter net income of $134 million, or $1.52 per diluted share, compared with $86 million, or $0.88 per diluted share, for the same period last year.1
Adjusted EPS2 for the quarter was... More
United Rentals Announces Redemption of 7.375% Senior Notes Due 2020
July 20, 2016 3:00 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $200 million principal amount of its 7.375% Senior Notes due 2020 (CUSIP Number 911365BA1) (the Notes) on August 19, 2016 (the Redemption Date). The Notes will be redeemed at a redemption price equal to 103.688% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
URNA has instructed Wells Fargo Bank, National Association, as the trustee for the... More
