United Rentals Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

United Rentals (NYSE:URI) Full Year 2024 Results

Key Financial Results

• Revenue: US$15.3b (up 7.1% from FY 2023).
• Net income: US$2.58b (up 6.2% from FY 2023).
• Profit margin: 17% (in line with FY 2023).
• EPS: US$38.81 (up from US$35.40 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Rentals Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 1.2%.

The primary driver behind last 12 months revenue was the General Rentals segment contributing a total revenue of US$10.8b (71% of total revenue). Notably, cost of sales worth US$9.13b amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.65b (45% of total expenses). Explore how URI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for United Rentals that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.