UNITED RENTALS Reports 28.3% Increase in Revenue for Q2 FY2023 with USD 3554.0 Million
July 28, 2023
☀️Earnings Overview
On June 30, 2023, UNITED RENTALS ($NYSE:URI) reported a total revenue of USD 3554.0 million for their second quarter earnings results of FY2023, which marked a year-over-year increase of 28.3%. Net income for the quarter was USD 591.0 million, showing an increase of 19.9% compared to the same period in the previous year.
Analysis
Analyzing UNITED RENTALS‘s financials with GoodWhale is an efficient way to evaluate potential investments. The Risk Rating tool provided by GoodWhale assigns a score based on financial and business factors, such as liquidity, profitability, and debt to equity. According to GoodWhale, UNITED RENTALS is a low risk investment. However, GoodWhale has detected two risk warnings in UNITED RENTALS’s income statement and balance sheet. To access the warnings and gain more insight into the company’s financials, users should register an account on goodwhale.com. With the right analysis tools, investors can make more informed decisions and reduce their investment-related risks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for United Rentals. More…
| Total Revenues | Net Income | Net Margin |
| 13.19k | 2.29k | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for United Rentals. More…
| Operations | Investing | Financing |
| 4.62k | -5.45k | 996 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for United Rentals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.51k | 18.09k | 108.58 |
Key Ratios Snapshot
Some of the financial key ratios for United Rentals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | 21.9% | 27.5% |
| FCF Margin | ROE | ROA |
| 1.4% | 31.2% | 8.9% |
Peers
The rental equipment market is highly competitive, with United Rentals, Inc. (URI) competing against Herc Holdings Inc. (Herc), Ashtead Group PLC (Ashtead), and Kanamoto Co., Ltd. (Kanamoto). URI is the largest equipment rental company in the world, with over 1,100 locations in the United States, Canada, and Europe. Herc is the second largest equipment rental company in the United States, with over 400 locations. Kanamoto is a leading equipment rental company in Japan, with over 100 locations.
– Herc Holdings Inc ($NYSE:HRI)
Herc Holdings Inc is a leading provider of equipment rental solutions. It has a market cap of 3.01B as of 2022 and a return on equity of 26.7%. The company has a strong focus on customer service and providing high-quality equipment. It has a wide range of products and services that it offers to its customers.
– Ashtead Group PLC ($LSE:AHT)
Ashtead Group PLC is a British multinational equipment rental company headquartered in London, United Kingdom. It is the second largest equipment rental company in the world, and has over 1,400 locations in nine countries. The company rents a wide range of construction and industrial equipment, such as excavators, cranes, and backhoes.
Ashtead Group PLC has a market cap of 18.66B as of 2022, and a Return on Equity of 24.37%. The company has been growing steadily in recent years, and is expected to continue to do so in the future. Ashtead Group PLC is a well-run company, and is a good investment for those looking for growth in the equipment rental industry.
– Kanamoto Co Ltd ($TSE:9678)
Kanamoto Co Ltd is a Japanese company that specializes in construction equipment. The company has a market cap of 77.73B as of 2022 and a Return on Equity of 6.4%. Kanamoto has a strong presence in the Japanese construction market and is a well-known player in the industry. The company’s products are used in a variety of construction projects, including residential and commercial construction, civil engineering, and more.
Summary
United Rentals reported strong second quarter financial results for FY2023, with total revenue of USD 3554.0 million – a year-over-year increase of 28.3%. Net income for the quarter was USD 591.0 million, up 19.9% from the same period last year. This is a positive sign for investors as it highlights the healthy financial performance of the company, as well as its ability to remain competitive in the market.
Investors can expect United Rentals to continue to deliver solid results in the future as it seeks to grow its portfolio of services and products. With strong financials and a promising outlook, United Rentals is an attractive investment opportunity.
Related Posts
Recent Posts
