United Rentals Inc. said its normalized net income for the first quarter came to $1.04 per share, compared with the S&P Capital IQ consensus estimate of $1.18 per share.
EPS rose 52.8% year over year from 68 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $103.1 million, an increase of 42.2% from $72.5 million in the prior-year period.
The normalized profit margin increased to 7.7% from 6.2% in the year-earlier period.
Total revenue rose 11.6% on an annual basis to $1.31 billion from $1.18 billion, and total operating expenses climbed 9.0% year over year to $1.03 billion from $949.0 million.
Reported net income rose 92.8% year over year to $114.9 million, or $1.16 per share, from $59.6 million, or 56 cents per share.
