United Rentals Q2 revenue beats estimates, lifts 2026 outlook

United Rentals, Inc.

United Rentals, Inc.

URI

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Overview

  • US equipment rental firm's Q2 revenue rose 12%, beating analyst expectations

  • Adjusted EPS for Q2 beat consensus, driven by higher fleet productivity and asset sale gain

  • Company raised full-year 2026 revenue and adjusted EBITDA guidance


Outlook

  • United Rentals raises 2026 revenue outlook to $17.5 bln-$17.8 bln from $16.9 bln-$17.4 bln

  • Company lifts 2026 adjusted EBITDA guidance to $7.975 bln-$8.125 bln from $7.625 bln-$7.875 bln

  • United Rentals expects continued growth, citing strong customer demand and large project tailwinds


Result Drivers

  • FLEET PRODUCTIVITY - Year-over-year fleet productivity increased 3.4%, supporting higher rental revenue

  • RENTAL REVENUE GROWTH - Rental revenue rose 12.7% year-over-year to a quarterly record, driven by increases in both general and specialty rentals segments

  • ASSET SALE GAIN - Net income and adjusted EPS benefited from a $49 mln pre-tax gain on the sale of part of the scaffolding business


Company press release: ID:nBw5hkzGja


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$4.41 bln

$4.22 bln (15 Analysts)

Q2 Adjusted EPS

Beat

$12.76

$11.53 (18 Analysts)

Q2 EPS

$12.03

Q2 Net Income

$753 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for United Rentals Inc is $1,165.00, about 14.9% above its July 21 closing price of $1,013.54

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • July 22 - Wabtec beats Q2 sales, profit estimates; lifts results outlook

  • July 21 - 3M boosts annual profit forecast driven by resilient industrial unit

  • July 22 - RPM International Q4 sales, adjusted EPS beat estimates


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