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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.