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United Rentals Q2 profit climbs 15.0% YOY

United Rentals Inc. said its second-quarter normalized net income was $2.14 per share, compared with the S&P Capital IQ consensus estimate of $2.33 per share.

EPS climbed 19.1% year over year from $1.79.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $182.5 million, a gain of 15.0% from $158.8 million in the year-earlier period.

The normalized profit margin rose to 11.4% from 11.2% in the year-earlier period.

Total revenue grew 12.4% on an annual basis to $1.60 billion from $1.42 billion, and total operating expenses rose 13.5% year over year to $1.21 billion from $1.06 billion.

Reported net income increased year over year to $140.9 million, or $1.65 per share, from $134.5 million, or $1.52 per share.