trending Market Intelligence /marketintelligence/en/news-insights/trending/xBOgZ5Dww457Vpj0TC19lA2 content esgSubNav
In This List

United Rentals Q3 profit climbs 8.5% YOY

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


United Rentals Q3 profit climbs 8.5% YOY

United Rentals Inc. said its third-quarter normalized net income came to $2.27 per share, compared with the S&P Capital IQ consensus estimate of $2.36 per share.

EPS climbed 18.6% year over year from $1.92.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $216.3 million, a gain of 8.5% from $199.4 million in the prior-year period.

The normalized profit margin climbed to 14.0% from 12.9% in the year-earlier period.

Total revenue came to $1.55 billion, compared with $1.54 billion in the prior-year period, and total operating expenses fell year over year to $1.10 billion from $1.11 billion.

Reported net income increased 11.8% year over year to $214.2 million, or $2.25 per share, from $191.5 million, or $1.84 per share.