Overview
- United Rentals shares surged about 20% to roughly $960 after the company topped quarterly forecasts and raised its full‑year revenue outlook.
- Adjusted earnings came in at $9.71 per share versus $8.95 expected, on revenue of $3.99 billion that rose 8.7% from a year earlier.
- Profitability stayed strong with adjusted EBITDA of $1.76 billion for a 44.1% margin, and free cash flow totaled $1.054 billion.
- The company now targets 2026 revenue of $16.9 billion to $17.4 billion and narrows adjusted EBITDA guidance to $7.625 billion to $7.875 billion, with free cash flow still seen at $2.15 billion to $2.45 billion.
- CEO Matthew Flannery cited strength across core end markets and said preparations for the 2026 FIFA World Cup should add projects starting this quarter, while Bernstein reaffirmed an Outperform rating with a $903 target.