United Rentals

Mobile Power Generation Equipment Rentals Market to increase by USD 629.21 million during 2022-2027 | Increasing infrastructural activities to drive the growth - Technavio

Retrieved on:

Wednesday, November 29, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The mobile power generation equipment rentals market size is expected to grow by USD 629.21 million between 2022 and 2027.

Key Points:

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The mobile power generation equipment rentals market size is expected to grow by USD 629.21 million between 2022 and 2027.
The increasing infrastructural activities drive market growth.
Hence, these requirements are expected to fuel the demand for mobile power generation equipment rentals which in turn will drive the market growth.
The growing adoption of mobile power generation equipment rentals by several businesses in order to meet their short-term or remote power demands.

United Rentals Named to the Forbes America’s Best Employers for Women 2023 List

Retrieved on:

Thursday, November 2, 2023

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it was selected to the Forbes list of America’s Best Employers for Women 2023.

Key Points:

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it was selected to the Forbes list of America’s Best Employers for Women 2023.
Forbes’ sixth annual list of America’s Best Employers for Women was created in partnership with market research firm Statista.
“The Best Employers for Women award reflects our commitment to a diverse, equitable and inclusive workplace that mirrors our customers and communities,” said Craig Pintoff, executive vice president and chief administrative officer, United Rentals.
“I’m proud of the direction we’re headed as a company and in the industry,” said Monica Rodriguez, director of inclusion and diversity, United Rentals.

United Rentals Announces Record Third Quarter Results and Reaffirms Its Full-Year 2023 Guidance

Retrieved on:

Wednesday, October 25, 2023

Net income for the quarter increased 16.0% year-over-year to a third quarter record of $703 million, while net income margin declined 120 basis points to 18.7%.

Key Points:

Net income for the quarter increased 16.0% year-over-year to a third quarter record of $703 million, while net income margin declined 120 basis points to 18.7%.
Adjusted EBITDA for the quarter increased 21.6% year-over-year to a third quarter record of $1.850 billion, while adjusted EBITDA margin decreased 80 basis points to 49.1%.
On a pro forma basis, third quarter adjusted EBITDA margin increased 20 basis points year-over-year, including the impact of ongoing integration costs.
General rentals segment rental revenue increased 18.8% year-over-year, including the impact of the Ahern Rentals acquisition, to a third quarter record of $2.307 billion.

Quipli Receives Dual Honors: Wins BuiltWorlds' Tools & Equipment 50 Award and Rental 2023 Editor's Choice Award, Showcasing Customer-Centric Excellence

Retrieved on:

Thursday, October 19, 2023

Renting, Editing, Software as a service, Choice, Overalls, Women's Choice Awards, Web Cartoonists' Choice Awards, Tool, Property management, Lease, United Rentals, Caterpillar

ATLANTA, Oct. 19, 2023 /PRNewswire/ -- Quipli , a leader in equipment rental software, proudly announces two prestigious awards that underscore its unwavering commitment to customer-centric innovation in the equipment rental industry.

Key Points:

ATLANTA, Oct. 19, 2023 /PRNewswire/ -- Quipli , a leader in equipment rental software, proudly announces two prestigious awards that underscore its unwavering commitment to customer-centric innovation in the equipment rental industry.
Rental 2023 Editor's Choice Award:
Quipli is honored to be named a winner of the 2023 Rental Editor's Choice Awards by Rental magazine, a publication serving rental equipment professionals.
Quipli's cloud-based equipment rental software leads the industry in empowering rental companies to streamline operations and enhance customer experiences.
BuiltWorlds' Tools & Equipment 50 Award:
Quipli has secured a place on BuiltWorlds' esteemed 2023 Tools & Equipment 50 list, alongside industry titans like United Rentals and Caterpillar.

United Rentals, Inc. Third Quarter 2023 Conference Call and Audio Webcast Thursday, October 26, 2023 at 8:30 a.m. (ET)

Retrieved on:

Thursday, October 12, 2023

Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Manufacturing, Construction & Property, Other Manufacturing, Machinery, Ted Grace, United Rentals, NYSE, Renting

United Rentals, Inc. (NYSE: URI) will hold its third quarter 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 26, 2023 at 8:30 a.m. Eastern Time.

Key Points:

United Rentals, Inc. (NYSE: URI) will hold its third quarter 2023 conference call with Matt Flannery, chief executive officer, and Ted Grace, chief financial officer, on Thursday, October 26, 2023 at 8:30 a.m. Eastern Time.
The conference call is available live by audio webcast at unitedrentals.com, where it will be archived until the next earnings call.
The passcode for both the conference call and replay is 70041.
The company’s third quarter 2023 press release will be issued and available at unitedrentals.com after the market close on Wednesday, October 25, 2023.

United Rentals Selected to TIME World’s Best Companies 2023 List

Retrieved on:

Thursday, September 28, 2023

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Workforce, Somewhere Back in Time World Tour, ESG, Statista, Partnership, Renting, TIME, Research, NYSE, Engineering, Property management, United Rentals

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it was selected to the TIME World's Best Companies 2023 list.

Key Points:

United Rentals, Inc. (NYSE: URI), the world's largest equipment rental company, today announced it was selected to the TIME World's Best Companies 2023 list.
The award recognizes United Rentals as among the top-performing companies across the globe.
The World's Best Companies list includes a wide range of industries such as retail, manufacturing, engineering, automotive and services.
"The TIME World's Best Companies recognition reflects how we are delivering on our commitment to building a better future together," said Matthew Flannery, chief executive officer, United Rentals.

SEC Charges Three Southern California Siblings with Insider Trading

Retrieved on:

Wednesday, September 27, 2023

Financial Industry Regulatory Authority, Central District, State bureau of investigation, United Rentals, Judgement, Acquisition, Sibling, Security (finance), Director of the Federal Bureau of Investigation, Fraud, General Finance Acceptance Ltd v Melrose, United

The three defendants, all of whom reside in Southern California, realized a combined total of $650,000 in illegal profits from their trading.

Key Points:

The three defendants, all of whom reside in Southern California, realized a combined total of $650,000 in illegal profits from their trading.
When United Rentals announced the acquisition, General Finance’s share price increased from $12.17 to $18.95 and trading volume soared 19,000 percent.
In a parallel action, the U.S. Attorney’s Office for the Central District of California today announced securities fraud charges against Marco Perez.
The SEC appreciates the assistance of the Financial Industry Regulatory Authority, the Federal Bureau of Investigation, and the U.S. Attorney’s Office for the Central District of California.

BrightView Appoints Dale A. Asplund as Chief Executive Officer and Announces $500 Million Strategic Investment from One Rock Capital Partners

Retrieved on:

Monday, August 28, 2023

In conjunction with his appointment as CEO, Asplund will also join the BrightView board as a director as of that date.

Key Points:

In conjunction with his appointment as CEO, Asplund will also join the BrightView board as a director as of that date.
In addition, BrightView today announced that an affiliate of One Rock Capital Partners, LLC (“One Rock”), a value-oriented, operationally focused private equity firm, has made a $500 million strategic investment in the Company in the form of convertible preferred stock.
Abrahamson, who has served as a BrightView independent director since 2015, will remain as a member of the Board.
Earlier in his career, Asplund worked for United Waste Systems, Inc.
“We are excited to welcome Dale to the BrightView team.

United Rentals Announces Departure of Dale Asplund, EVP & Chief Operating Officer

Retrieved on:

Monday, August 28, 2023

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Partnership, Acquisition, NYSE, Renting, Management, United Rentals

United Rentals, Inc. (NYSE: URI) today announced that Dale Asplund, executive vice president and chief operating officer, will be leaving the company on September 29, 2023, to take the role of president and chief executive officer at another public company outside of the equipment rental industry.

Key Points:

United Rentals, Inc. (NYSE: URI) today announced that Dale Asplund, executive vice president and chief operating officer, will be leaving the company on September 29, 2023, to take the role of president and chief executive officer at another public company outside of the equipment rental industry.
Mr. Asplund joined United Rentals in 1998, and was named chief operating officer in 2019.
He will remain in an active role with United Rentals through September 29 to ensure a smooth transition to Michael Durand, who is being promoted to chief operating officer.
He has built strong and enduring relationships within United Rentals and its customer base over his more than two decade career, making him the ideal choice to follow Mr. Asplund as chief operating officer.

United Rentals Announces Record Second Quarter Results and Raises Its Full-Year 2023 Guidance

Retrieved on:

Wednesday, July 26, 2023

On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter net income margin was flat year-over-year.

Key Points:

On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter net income margin was flat year-over-year.
Adjusted EBITDA for the quarter increased 29.3% year-over-year to a second quarter record of $1.695 billion, while adjusted EBITDA margin increased 40 basis points to 47.7%.
General rentals segment rental revenue increased 22.5% year-over-year, including the impact of the Ahern Rentals acquisition, to a second quarter record of $2.189 billion.
On a pro forma basis, including the pre-acquisition results of Ahern Rentals, second quarter rental revenue for general rentals increased 10.7% year-over-year.