United Rentals announced its fourth-quarter and full-year 2024 financial results on January 29, 2025, reporting record performance across revenue, EBITDA, and earnings for the fourth quarter. The company posted total revenue of $4.09 billion for Q4, surpassing estimates of $3.94 billion. For the full year 2024, total revenue reached $15.345 billion.
The company's adjusted profit for Q4 was $11.59 per share, slightly below analysts' average estimate of $11.65. Net income for the quarter was $689 million, or $10.47 per share. Despite inflationary costs impacting profitability, the company demonstrated strong revenue generation.
United Rentals introduced its full-year 2025 guidance, projecting total revenue between $15.6 billion and $16.1 billion, with the midpoint exceeding estimates of $15.82 billion. Adjusted EBITDA is expected to range from $7.2 billion to $7.45 billion. The Board of Directors also approved a 10% increase to the quarterly dividend, raising it to $1.79 per share, payable on February 26, 2025.
The company paused its existing $1.5 billion share repurchase program, which had approximately $250 million remaining, due to the pending H&E acquisition. This capital allocation decision prioritizes the acquisition while signaling confidence in future cash flow to support shareholder returns through the increased dividend.
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