AI Earnings Predictions for United Rentals Inc. (URI)

EX-99.1

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EX-99.1

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Exhibit 99.1

United Rentals, Inc.

100 First Stamford Place, Suite 700

Stamford, CT 06902

Telephone: 203 622 3131

unitedrentals.com

United Rentals Announces Record Third Quarter Results

and Raises Full-Year 2026 Guidance

STAMFORD, Conn. – October 21, 2026 – United Rentals, Inc. (NYSE: URI) today announced record financial results for the third quarter of 2026, and raised its 2026 full-year guidance.

Third Quarter 2026 Highlights

•Total revenue of $4.893 billion, including rental revenue1 of $4.316 billion.

•Net income of $920 million, at a margin2 of 18.8%. GAAP diluted earnings per share (“EPS”) of $14.77, and adjusted EPS3 of $15.55.

•Adjusted EBITDA3 of $2.331 billion, at a margin2 of 47.6%.

•Year-over-year, fleet productivity4 increased 6.5%.

•Year-to-date net cash provided by operating activities of $4.934 billion; free cash flow3 of $1.421 billion, including gross payments for purchases of rental equipment of $4.339 billion.

•Year-to-date gross rental capital expenditures of $4.746 billion.

•Returned $1.496 billion to shareholders year-to-date, comprised of $1.125 billion via share repurchases and $371 million via dividends paid.

•Net leverage ratio5 of 1.8x, with total liquidity5 of $2.615 billion, at September 30, 2026.

CEO Comment

Matthew Flannery, chief executive officer of United Rentals, said, “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.”

Flannery continued, “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.”

1.Rental revenue includes owned equipment rental revenue, re-rent revenue and ancillary revenue.

2.Net income margin and adjusted EBITDA margin represent net income or adjusted EBITDA divided by total revenue.

3.Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), adjusted EPS (earnings per share) and free cash flow are non-GAAP financial measures as defined in the tables below. See the tables below for reconciliations to the most comparable GAAP measures.

4.Fleet productivity reflects the combined impact of changes in rental rates, time utilization and mix on owned equipment rental revenue.

5.The net leverage ratio reflects net debt (total debt less cash and cash equivalents) divided by adjusted EBITDA for the trailing 12 months. Total liquidity reflects cash and cash equivalents plus availability under the asset-based revolving credit facility (“ABL facility”) and the accounts receivable securitization facility.

2026 Outlook

The company has raised its 2026 outlook, as reflected below.

Current OutlookPrior Outlook

Total revenue$18.0 billion to $18.2 billion$17.5 billion to $17.8 billion

Adjusted EBITDA6 $8.3 billion to $8.4 billion$7.975 billion to $8.125 billion

Net rental capital expenditures after gross purchases$3.75 billion to $4.05 billion, after gross purchases of $5.2 billion to $5.5 billion$3.4 billion to $3.8 billion, after gross purchases of $4.85 billion to $5.25 billion

Net cash provided by operating activities$6.25 billion to $6.85 billion$5.85 billion to $6.65 billion

Free cash flow excluding restructuring related payments7 $2.15 billion to $2.45 billion$2.15 billion to $2.45 billion

Summary of Third Quarter 2026 Financial Results

•Rental revenue increased 17.8% year-over-year, to a quarterly record of $4.316 billion, primarily due to a 7.9% increase in average original equipment at cost (“OEC”), strong demand as reflected in a 6.5% increase in fleet productivity, and a 4.9% contribution from ancillary and re-rent revenue.

•Used equipment sales in the quarter increased 4.5% year-over-year. Used equipment sales generated $348 million of proceeds at a GAAP gross margin of 44.8% and an adjusted gross margin8 of 46.3%, compared to a GAAP gross margin of 44.1% and an adjusted gross margin of 45.9% for the same period last year. The company realized a 51.4% OEC recovery rate on the fleet sold in the third quarter of 2026.

•Net income for the quarter increased 31.2% year-over-year to a third quart

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EX-99.1

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EX-99.1

Document

Exhibit 99.1

United Rentals, Inc.

100 First Stamford Place, Suite 700

Stamford, CT 06902

Telephone: 203 622 3131

unitedrentals.com

United Rentals Announces Strong First Quarter Results

and Raises Full-Year 2026 Guidance

STAMFORD, Conn. – April 22, 2026 – United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2026, including record first quarter total revenue, rental revenue1, earnings per share ("EPS") and adjusted EBITDA2, and raised its 2026 full-year guidance.

First Quarter 2026 Highlights

•Total revenue of $3.985 billion, including rental revenue of $3.419 billion.

•Net income of $531 million, at a margin3 of 13.3%, which reflects a year-over-year increase of 20 basis points excluding the 2025 impact of the H&E merger termination benefit4 discussed below. GAAP diluted EPS of $8.43, and adjusted EPS2 of $9.71.

•Adjusted EBITDA of $1.759 billion, at a margin3 of 44.1%, which reflects a year-over-year increase of 60 basis points excluding the 2025 impact of the H&E merger termination benefit4.

•Year-over-year, fleet productivity5 increased 2.3%.

•Net cash provided by operating activities of $1.514 billion; free cash flow2 of $1.054 billion, including gross payments for purchases of rental equipment of $767 million.

•Gross rental capital expenditures of $874 million.

•Returned $500 million to shareholders, comprised of $375 million via share repurchases and $125 million via dividends paid.

•Net leverage ratio6 of 1.9x, with total liquidity6 of $3.377 billion, at March 31, 2026.

CEO Comment

Matthew Flannery, chief executive officer of United Rentals, said, “I am very pleased with our strong start to 2026, which again reflected our team’s commitment to being the partner of choice for our customers. We reported first-quarter records in EPS, adjusted EBITDA and revenue, supported by healthy growth and solid execution across both our general rentals and specialty businesses. We remain confident that our focus on improving our customers’ efficiency and productivity through our one-stop-shop approach, coupled with our industry-leading technology and world-class service, keeps us positioned to both outperform the market and generate strong shareholder returns.”

Flannery continued, “The increases to our full-year guidance are supported by the momentum we are carrying into our busy season and the growth opportunities our customers see on the horizon, particularly within large projects and key verticals. Longer-term, the flexibility and resiliency of our business model, combined with the strength of our balance sheet and approach to prudent capital allocation, positions us to deliver industry-leading growth, profitability and cash generation, which support shareholder value creation.”

1.Rental revenue includes owned equipment rental revenue, re-rent revenue and ancillary revenue.

2.Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), adjusted EPS (earnings per share) and free cash flow are non-GAAP measures as defined in the tables below. See the tables below for reconciliations to the most comparable GAAP measures.

3.Net income margin and adjusted EBITDA margin represent net income or adjusted EBITDA divided by total revenue.

4.The first quarter of 2025 included a net benefit associated with the terminated acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”). The impact of the merger termination was a $29 million net after-tax benefit, or $0.45 per diluted share, for net income, and a $52 million net benefit for adjusted EBITDA, cash flow from operating activities and free cash flow.

5.Fleet productivity reflects the combined impact of changes in rental rates, time utilization and mix on owned equipment rental revenue.

6.The net leverage ratio reflects net debt (total debt less cash and cash equivalents) divided by adjusted EBITDA for the trailing 12 months. Total liquidity reflects cash and cash equivalents plus availability under the asset-based revolving credit facility (“ABL facility”) and the accounts receivable securitization facility.

2026 Outlook

The company has raised its 2026 outlook, as reflected below.

Current OutlookPrior Outlook

Total revenue$16.9 billion to $17.4 billion$16.8 billion to $17.3 billion

Adjusted EBITDA7 $7.625 billion to $7.875 billion$7.575 billion to $7.825 billion

Net rental capital expenditures after gross purchases$2.95 billion to $3.35 billion, after gross purchases of $4.4 billion to $4.8 billion$2.85 billion to $3.25 billion, after gross purchases of $4.3 billion to $4.7 billion

Net cash provided by operating activities$5.4 billion to $6.2 billion$5.3 billion to $6.1 billion

Free cash flow excluding restructuring related payments8 $2.15 billion to $2.45 billion$2.15 billion to $2.45 billion

Summary of First Quarter 2026 Financial Results

•Rental revenue increased 8.7% year-over-year to a first qu