United Rentals, Inc.: Beat — EPS $15.55, Revenue $4.89B
Earnings BeatQ3 2026 · After-market
@trystockwhiz
Did United Rentals, Inc. (URI) beat earnings today?
Yes, United Rentals, Inc. (URI) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+10.83% surprise
$15.55Actual
Expected: $14.03
vs. year ago +32.9%
Total Revenue+3.89% surprise
$4.89BActual
Expected: $4.71B
vs. year ago +15.7%
Released Oct 21 · 4:15 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $4.89B | $4.23B | +15.7% |
| Revenue detail — reported lines | |||
| └─Equipment rentals | $4.32B | $3.67B | +17.8% |
| └─Sales of rental equipment | $348.00M | $333.00M | +4.5% |
| └─Sales of new equipment | $84.00M | $95.00M | -11.6% |
| └─Contractor supplies sales | $47.00M | $43.00M | +9.3% |
| └─Service and other revenues | $98.00M | $93.00M | +5.4% |
| └─General Rentals | $2.61B | $2.40B | +8.8% |
| └─Specialty | $1.70B | $1.26B | +34.7% |
| Net Income | $920.00M | $701.00M | +31.2% |
| GAAP Diluted EPS | $14.77 | $10.91 | +35.4% |
| Adj. EPS | $15.55 | $11.70 | +32.9% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY2026 Outlook |
|---|---|---|
| Total revenue | — | $18.0B-$18.2B (prev. $17.5B-$17.8B) |
| Adjusted EBITDA | — | $8.3B-$8.4B (prev. $7.975B-$8.125B) |
| Net rental capital expenditures | — | $3.75B-$4.05B, after gross purchases $5.2B-$5.5B (prev. $3.4B-$3.8B, after gross purchases $4.85B-$5.25B) |
| Net cash provided by operating activities | — | $6.25B-$6.85B (prev. $5.85B-$6.65B) |
| Free cash flow excluding restructuring related payments | — | $2.15B-$2.45B (prev. $2.15B-$2.45B) |
| Share repurchases | — | $1.5B |
| Payments for purchases of rental equipment | — | $(5.150)B-$(5.550)B |
| Proceeds from sales of rental equipment | — | $1.350B-$1.550B |
| Payments for purchases of non-rental equipment and intangible assets, net of proceeds from sales and insurance proceeds from damaged equipment | — | $(300)M-$(400)M |
Business Highlights
- ➤Fleet productivity increased 6.5% year-over-year.
- ➤Completed the prior $2.0B share repurchase program and commenced a new $5.0B program.
- ➤Repurchased $1.125B of common stock during the first nine months.
- ➤Paid $371M in dividends during the first nine months.
- ➤Board declared a quarterly dividend of $1.97 per share.
- ➤Operates an integrated network of 1,686 North American rental locations.
- ➤Operates 44 locations in Europe, 47 in Australia and 18 in New Zealand.
- ➤Serves customers through approximately 28,600 employees.
- ➤Offers rental equipment with total original cost of $24.77B.
Management Commentary
Matthew Flannery, chief executive officer
“I’m very pleased with our third-quarter results, which are a testament to our strategy, our team’s dedication to our customers, and the unmatched breadth and scale of our premier offering. We continued to lean into growth across both our general rentals and specialty businesses with the momentum from the first half of the year carrying through the quarter.”
Matthew Flannery, chief executive officer
“As we look ahead, we believe we are uniquely positioned to outperform the industry through our broad footprint, unmatched one-stop-shop offering, exceptional levels of service, leading technology and unwavering commitment to safety. Our raised guidance reflects this, and is supported by our customers’ confidence, their backlogs, and the momentum we see across large projects. I am very proud of the company we continue to build, underpinned by a well-proven strategy of supporting our customers while also driving profitable growth and strong through-cycle free cash flow generation. Combined with prudent capital allocation, this will continue to deliver compelling long-term value for our shareholders.”