UNITED RENTALS INC
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
URI$1,104.94-2.1%Stored close · as of Nov 10, 2026
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United Rentals, Inc. Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In millions, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2024 | 2023 | |
| Revenues: | ||
| Equipment rentals | $2,929 | $2,740 |
| Sales of rental equipment | 383 | 388 |
| Sales of new equipment | 48 | 44 |
| Contractor supplies sales | 36 | 34 |
| Service and other revenues | 89 | 79 |
| Total revenues | 3,485 | 3,285 |
| Cost of revenues: | ||
| Cost of equipment rentals, excluding depreciation | 1,244 | 1,162 |
| Depreciation of rental equipment | 582 | 575 |
| Cost of rental equipment sales | 196 | 198 |
| Cost of new equipment sales | 38 | 36 |
| Cost of contractor supplies sales | 25 | 24 |
| Cost of service and other revenues | 54 | 49 |
| Total cost of revenues | 2,139 | 2,044 |
| Gross profit | 1,346 | 1,241 |
| Selling, general and administrative expenses | 389 | 382 |
| Restructuring charge | 1 | 1 |
| Non-rental depreciation and amortization | 104 | 118 |
| Operating income | 852 | 740 |
| Interest expense, net | 160 | 150 |
| Other income, net | (3) | (4) |
| Income before provision for income taxes | 695 | 594 |
| Provision for income taxes | 153 | 143 |
| Net income | $542 | $451 |
| Basic earnings per share | $8.06 | $6.50 |
| Diluted earnings per share | $8.04 | $6.47 |
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