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United Rentals First Quarter 2023 Earnings: Revenues Beat Expectations

United Rentals (NYSE:URI) First Quarter 2023 Results

Key Financial Results

  • Revenue: US$3.29b (up 30% from 1Q 2022).

  • Net income: US$451.0m (up 23% from 1Q 2022).

  • Profit margin: 14% (in line with 1Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Rentals Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with United Rentals.

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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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