Summary
United Rentals, Inc. (URI) reported a solid first quarter for 2026, demonstrating continued revenue growth and operational strength. Total revenues increased by 7.2% to $3.985 billion, driven primarily by an 8.7% rise in equipment rentals, which benefited from a 5.7% increase in average original equipment cost (OEC) and improved fleet productivity. The company's strategic focus on revenue growth, margin expansion, and operational efficiencies continues to yield positive results, reflected in a year-over-year increase in net income to $531 million from $518 million. Key financial highlights include strong operating cash flow generation and a robust balance sheet. While the company incurred $45 million in restructuring charges related to its 2025 cost savings program, its core rental business performance remained strong, with adjusted EBITDA increasing by 5.3% to $1.759 billion. United Rentals also continued its commitment to shareholder returns through significant share repurchases and dividend payments, underscoring its financial flexibility and confidence in its ongoing strategy.
Financial Highlights
49 data points| Revenue | $3.98B |
| Cost of Revenue | $2.52B |
| Gross Profit | $1.47B |
| SG&A Expenses | $441.00M |
| Operating Income | $869.00M |
| Net Income | $531.00M |
| EPS (Basic) | $8.44 |
| EPS (Diluted) | $8.43 |
| Shares Outstanding (Basic) | 62.93M |
| Shares Outstanding (Diluted) | 63.03M |
Key Highlights
- 1Total revenues increased 7.2% year-over-year to $3.985 billion, driven by an 8.7% increase in equipment rentals.
- 2Net income rose to $531 million from $518 million in the prior year's comparable period.
- 3Adjusted EBITDA grew 5.3% to $1.759 billion, indicating strong operational performance.
- 4The company incurred $45 million in restructuring charges, primarily related to a program initiated in Q4 2025.
- 5Cash flow from operating activities was $1.514 billion, supporting significant capital expenditures and financing activities.
- 6United Rentals repurchased approximately $499 million of its common stock during the quarter under its new $5.0 billion share repurchase program.
- 7Total assets remained relatively stable at $29.888 billion, with rental equipment constituting the largest asset category at $16.164 billion.