United Rentals, Inc. (URI) News
United Rentals, Inc. (URI)
Today's Latest Price: $232.91 USD
Updated Nov 27 5:00pm
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Ranked of 35 in Industrial - Services
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Latest URI News From Around the Web
Below are the latest news stories about United Rentals Inc that investors may wish to consider to help them evaluate URI as an investment opportunity.
United States Equipment Rental Market Report 2020-2024 Featuring Ashtead Group, Herc Holdings, The Home Depot, United RentalsDUBLIN, Sept. 22, 2020 /PRNewswire/ -- The "The US Equipment Rental Market: Size and Forecasts with Impact Analysis of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The US Equipment Rental Market: Size and Forecasts with Impact Analysis of Covid-19… |
Paul McDonnell to Step Down from United RentalsSTAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE:URI) today announced that Paul McDonnell, chief commercial officer, will leave the company on September 30, 2020. Mr. McDonnell will continue to provide advisory services to United Rentals in an independent capacity for 24 months. His leadership responsibilities with respect to sales and specialty operations will be absorbed under Dale Asplund, chief operating officer. Matthew Flannery, chief executive officer of United Rentals, said, |
United Rentals' Strong Free Cash Flow Makes It A Stock To OwnDespite the economic downturn, shares of United Rentals (URI) are up over 25% in the past year and near a 52-week high. While demand for equipment rental is cyclical, URI is well-positioned for a downturn and has a counter-cyclical cash flow cycle, which helps it manage its business across all... |
United Rentals launches $1.1B senior notes due 2031United Rentals ([[URI]] -2.5%) to sell $1.1B of senior unsecured notes due 2031in a registered public offering. Net proceeds are expected to be ~$1.087B and together with borrowings of ~$135Munder URNA’s senior secured asset-based revolving credit facility will be used to redeem $1.1B of 6½% senior notes due 2026 at... |
United Rentals tops earnings expectations and re-issues FY2020 outlookUnited Rentals ([[URI]] -2.5%) reports total revenue fell 15% to $1.94B and rental revenue slipped 16.2% to $1.642B in Q2.Fleet productivity for the quarter decreased 13.6%, primarily due to lower rental volumes.Used equipment sales generated $176M of proceeds vs. $197M a year ago, with 320 bps decline in adjusted gross margin rate... |
United Rentals Announces Full Redemption of 6.500% Senior Notes due 2026STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the “Notes”) on August 10, 2020 (the “Redemption Date”). The Notes will be redeemed at a redemption price (the “Redemption Price”) currently estimated to be 111.101% of the principal amoun |
United Rentals Announces Pricing of Offering of $1.1 Billion of 3.875% Senior Notes due 2031STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“URI”) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), has priced an offering of $1.1 billion principal amount of 3.875% Senior Notes due 2031 (the “Notes”) in a registered public offering. The Notes offered by URNA will rank: equally in right of payment with all of URNA’s existing and future senior indebtedness, effectively junior to any of URNA’s existing and future secured indebtedness to |
United Rentals Announces Proposed Offering of $1.1 Billion of Senior Notes Due 2031STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“URI”) today announced that its subsidiary, United Rentals (North America), Inc. (“URNA”), is offering $1.1 billion principal amount of Senior Notes due 2031 (the “Notes”) in a registered public offering. The Notes offered by URNA will rank: equally in right of payment with all of URNA’s existing and future senior indebtedness, effectively junior to any of URNA’s existing and future secured indebtedness to the extent of the val |
URI vs. PATK: Which Stock Is the Better Value Option?URI vs. PATK: Which Stock Is the Better Value Option? |
United Rentals (North America), Inc. -- Moody's assigns Ba3 rating to United Rental's $1.1 billion sr unsec notes due 2031Moody's Investors Service ("Moody's") assigned a Ba3 rating to United Rentals (North America), Inc.'s (URNA) planned $1.1 billion senior unsecured notes due 2031. URNA's parent, United Rentals, Inc. and URNA's domestic subsidiaries will guarantee the notes. |
