United Rentals to Present at the Jefferies 2011 Global Industrial and A&D ...
GREENWICH, Conn.--( BUSINESS WIRE )--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the Jefferies 2011 Global Industrial and A&D Conference on Thursday, August 11, 2011. The conference will include a presentation by Michael Kneeland, chief executive officer, and William Plummer, chief financial officer.
The presentation, which is scheduled to begin at 1:30 p.m. (EDT), will be available via the following link: http://wsw.com/webcast/jeff57/uri/ .
The presentation may also be accessed on www.ur.com , where it will be archived for 90 days.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world, with an integrated network of 539 rental locations in 48 states and 10 Canadian provinces. The company’s approximately 7,500 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers for rent approximately 2,900 classes of equipment with a total original cost of $4.18 billion. United Rentals is a member of the Standard & Poor’s MidCap 400 Index and the Russell 2000 Index® and is headquartered in Greenwich, Conn. Additional information about United Rentals is available at unitedrentals.com.
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(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that it will participate in the Jefferies 2011 Global Industrial and A&D Conference on Thursday, August 11, 2011. The conference will include a presentation by Michael Kneeland,
United Rentals (NYSE:URI - Snapshot Report) has a potential upside of 66.7% based on a current price of $22.37 and an average consensus analyst price target of $37.30. Textainer Group Holdings (NYSE:TGH - Snapshot Report) has a potential upside of
United Rentals (NYSE:URI) closed Monday's seesaw trading session at $22.38. In the past year, the stock has hit a 52-week low of $10.89 and 52-week high of $34.78. United Rentals (URI) stock has been showing support around $20.44 and resistance in the
Good morning, and welcome to the United Rentals second quarter investor conference call. Please be advised that this call is being recorded. Before we begin, note that the company's press release, comments by presenters and responses to your questions
What: Shares of equipment rental company United Rentals (NYSE: URI ) jumped as much as 11.4% this morning on about double the average trading volume. So what: United Rentals' second quarter wasn't terribly impressive, as the company missed Wall Street
BuildingOnline eUpdate News: United Rentals Posts $28 Million ...
GREENWICH, CT -- United Rentals, Inc. reported second quarter earnings from continuing operations of $28 million, on revenue of $629 million. For the same period a year earlier, the company reported a profit of $12 million on $557 million in revenue.
Michael Kneeland, chief executive officer of United Rentals, said, Our strong numbers in the quarter defied a flat construction environment, and elevated our performance well above the same period last year. It was our fifth consecutive quarter of record time utilization, with a gain of more than six points of rate on a larger fleet. As we capitalize on the increasing demand for our equipment, we are also scrutinizing our cost structure for sound ways to enhance our operating leverage."
Kneeland continued, "Looking to the balance of the year, we expect our performance to remain robust as we move closer to our near term goal of a billion dollars of EBITDA and stronger margins. Although the recovery itself can be difficult to predict, our results are being propelled by a strategic plan that does not rely on our operating environment. We are continuing to shape our customer mix, fleet mix and operations in ways that create demand for our equipment now and in the long term."
The size of the rental fleet was $4.18 billion of original equipment cost at June 30, 2011, compared with $3.79 billion at December 31, 2010. The age of the rental fleet was 46.5 months on a unit-weighted basis at June 30, 2011, compared with 47.7 months at December 31, 2010.
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