- United Rentals (URI, Financial) reported record Q1 2025 revenue of $3.719 billion.
- Announced a new $1.5 billion share repurchase program.
- Reaffirmed its full-year guidance, projecting revenue between $15.6 billion and $16.1 billion.
United Rentals, Inc. (URI) has released its financial results for the first quarter of 2025, showcasing a strong start to the year with a record total revenue of $3.719 billion. Rental revenue contributed $3.145 billion, reflecting a year-over-year increase of 7.4%.
Net income for the quarter was reported at $518 million, achieving a margin of 13.9%, while the company posted GAAP diluted earnings per share (EPS) of $7.91 and an adjusted EPS of $8.86. Adjusted EBITDA was $1.671 billion, with a margin of 44.9%.
The Board of Directors has approved a new $1.5 billion share repurchase program, following the completion of a prior repurchase plan of the same value. Additionally, the company has distributed $368 million to shareholders through $250 million in share repurchases and $118 million in dividends.
United Rentals has reaffirmed its full-year 2025 guidance, anticipating total revenue between $15.6 billion and $16.1 billion, and adjusted EBITDA from $7.2 billion to $7.45 billion. The reaffirmation is backed by continued demand across construction and industrial markets, alongside positive customer sentiment.
CEO Matthew Flannery stated that the company remains focused on its strategic execution, which allows it to capitalize on growth opportunities while maintaining a strong capital allocation strategy and balance sheet strength.
The company ended the quarter with total liquidity of $3.345 billion and a net leverage ratio of 1.7x. Cash flow from operating activities increased by 38.5% year-over-year, reaching $1.425 billion, and free cash flow rose to $1.082 billion.
