United Rentals Announces Third Quarter 2020 Results and Raises Full-Year Guidance
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United Rentals (URI) Tops Q3 EPS by $1.12, Revenues Beat; Raises FY20 Revenue Outlook
October 28, 2020 4:19 PM EDTUnited Rentals (NYSE: URI) reported Q3 EPS of $5.40, $1.12 better than the analyst estimate of $4.28. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.14 billion.
Third Quarter 2020 Highlights
Total revenue of $2.187 billion, including rental revenue1 of $1.861 billion.Fleet productivity2 decreased 8.0% year-over-year, reflecting the impact of COVID-19 on volumes; fleet productivity improved sequentially by 560 basis points, primarily due to... More