$URI (United Rentals, Inc.)

$URI {{ '2016-07-21T17:06:51+0000' | timeago}} • Webcast

Morgan Stanley analyst Mili Pothiwala asks $URI to provide an update on the non-resi environment and about the cycle there. CEO Michael Kneeland says that non-res construction put in place has slowed a bit and also the construction employment came down. The company says that the customers are optimistic about the projects booked for next year.

$URI {{ '2017-09-08T18:28:39+0000' | timeago}} • Announcement

$URI's subsidiary, United Rentals North America, Inc. is offering $750MM principal amount of Senior Notes due 2025 and $750MM principal amount of 4.875% Senior Notes due 2028 in a public offering. Total proceeds are expected to be approx. $1.48Bil. URNA intends to use the proceeds to finance a portion of the $1.3Bil acquisition of Neff Corporation.

$URI {{ '2017-08-23T11:53:23+0000' | timeago}} • Announcement

$URI has acquired power equipment assets, primarily mobile rental generator sets, from $CMI. The acquisition involves Cummins mobile rental generator fleet. To maintain customer and fleet continuity, a small number of Cummins employees in the US and Canada have joined United Rentals.

$URI {{ '2017-08-17T12:10:09+0000' | timeago}} • Announcement

Equipment rental company $URI entered in to an agreement to acquire $NEFF for $25 per share in cash, representing a total of $1.3Bil. The transaction is expected to close in 4Q17. $NEFF, who terminated it merger agreement with $HEES, is expected to generate $207MM of adjusted EBITDA for FY17 on $419MM of total revenue.

$URI {{ '2017-07-28T21:54:33+0000' | timeago}} • Announcement

$URI's United Rentals North America (URNA) is offering $925MM of senior notes due 2028 in a registered public offering. URNA plans to use proceeds and additional borrowings of $53MM under its senior secured asset-based revolving credit facility to redeem all of the outstanding $925MM of its 6.125% Senior Notes due 2023.

$URI {{ '2017-07-19T21:12:10+0000' | timeago}} • Infographic

$URI United Rentals Earnings AlphaGraphics: Q2 2017 highlights

$URI {{ '2017-07-19T21:04:56+0000' | timeago}} • Announcement

$URI revised its FY17 guidance and now sees total revenue at around $6.25-6.40Bil with free cash flow of $825-925MM for the year.

$URI {{ '2017-07-19T21:03:22+0000' | timeago}} • Announcement

$URI posted a 12% hike in 2Q17 total revenue of $1.60Bil, with a 5% rise in net income of $141MM. Diluted EPS jumped 9% to $1.65, while total equipment revenue improved 13% to $1.37Bil.

$URI {{ '2017-06-05T11:49:10+0000' | timeago}} • Announcement

Gracia Martore has joined $URI BoD, effective immediately.  Martore joins Shiv Singh, the company’s other new director, who was elected by stockholders at May 4 meeting. Martore recently retired as CEO of $TGNA, while Singh is an SVP at $V.

$URI {{ '2017-04-20T16:20:54+0000' | timeago}} • Webcast

$URI stated the $200MM run rate is going to be a net number. The company added that it has to put some cost into the business to achieve some of the initiatives that it does. The $200MM is the end of 2018 run rate and that’s how the company is stating the impact of the program overall.

$URI {{ '2017-04-19T21:06:30+0000' | timeago}} • Announcement

$URI lifted 2017 revenue outlook to $6.05-6.25Bil from $5.75-5.95Bil and adjusted EBITDA estimate to $2.835-2.985Bil from $2.7-2.85Bil. $URI raised net cash provided by operating activities forecast to $1.85-2.05Bil from $1.675-1.875Bil and its free cash flow guidance to $800-900MM from $650-750MM. This will reflect NES Rentals acquisition.

$URI {{ '2017-04-19T21:06:16+0000' | timeago}} • Announcement

$URI reported a rise in 1Q17 earnings driven by 7% growth in volume and record time utilization on strength in core construction markets. Net income rose to $109MM or $1.27 per share from $92MM or $1.01 per share last year. Revenue grew to $1.36Bil from $1.31Bil. Adjusted EPS increased to $1.63 from $1.40.

$URI {{ '2017-04-03T18:32:32+0000' | timeago}} • Announcement

$URI has completed its acquisition of NES Rentals Holdings II, Inc for $965MM in cash. The purchase was funded through a combination of newly issued unsecured debt and available capacity on the company’s ABL facility. The acquisition increases $URI's density in strategically important markets.

$URI {{ '2017-02-22T19:43:41+0000' | timeago}} • Announcement

$URI said its subsidiary  United Rentals North America (URNA), is offering $250MM of its 5.875% Senior Notes due 2026 and $250MM of its 5.500% Senior Notes due 2027 in a registered public offering. Aggregate net proceeds are expected to be about $492MM, after underwriting discounts and commissions and payments of estimated fees and expenses.

$URI {{ '2017-01-26T16:12:45+0000' | timeago}} • Announcement

$URI agreed to buy NES Rentals Holdings II, Inc. (NES) for about $965MM in cash. The acquisition is expected to be immediately accretive to $URI's adjusted EPS and free cash flow generation for the full year 2017, and $URI expects to maintain a leverage ratio of less than 3.0.

$URI {{ '2017-01-26T16:11:26+0000' | timeago}} • Announcement

$URI agreed to buy NES Rentals Holdings II, Inc. (NES) for about $965MM in cash. The BoDs of $URI and Diamond Castle Holdings LLC, majority owner of NES, unanimously approved the agreement. The deal is expected to close early in 2Q17. $URI plans to update its 2017 outlook to reflect combined operations upon completion of deal.

$URI {{ '2017-01-26T00:01:11+0000' | timeago}} • Announcement

For 2017, $URI expects total revenues of $5.75-5.95Bil and adjusted EBITDA of $2.7-2.85Bil. Net cash provided by operating activities is expected to be $1.675-1.875Bil and free cash flow is expected to be $650-750MM.

$URI {{ '2017-01-25T23:57:34+0000' | timeago}} • Announcement

$URI has entered into an agreement to acquire NES Rentals Holdings II, Inc. for approx. $965MM in cash. The transaction is expected to close early in 2Q17. The company plans to update its 2017 financial outlook to reflect the combined operations upon completion of the transaction.

$URI {{ '2017-01-25T23:55:21+0000' | timeago}} • Announcement

Equipment rental company $URI reported a decrease in 4Q16 earnings. Net income was $153MM or $1.801 per share compared with $169MM or $1.81 per share for 4Q15. Total revenue was $1.523Bil and rental revenue was $1.298Bil in 4Q16.

$URI {{ '2016-11-09T18:18:21+0000' | timeago}} • Announcement

$URI has expanded its specialty branch network with the opening of six additional US locations and one in Canada. The latest branch openings complete the company’s plan for 14 new specialty locations in 2016, as part of its ongoing strategic expansion.

$URI {{ '2016-10-20T17:22:49+0000' | timeago}} • Webcast

The major factor for the pick-up in projects in 4Q16 is not because of weather moving those projects into October, $URI said. It could be related to the supply chain and other issues. The company added that the demand is strong and it's been carried into October.

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