1、 United Rentals Announces First Quarter 2025 Results,Rea?rms Full-Year Guidance,and IntroducesNew$1.5 Billion Share Repurchase Program2025-04-23STAMFORD,Conn.-(BUSINESS WIRE)-United Rentals,Inc.(NYSE:URI)today announced?nancial results forthe?rst quarter of 2025,rea?rmed its 2025 full-year guidance

2、and announced that its Board of Directorshas approved a new$1.5 billion share repurchase program.First Quarter 2025 Highlights1Total revenue of$3.719 billion,including rental revenue2of$3.145 billion.Net income of$518 million,at a margin3of 13.9%.GAAP diluted earnings per share of$7.91,andadjusted E

3、PS4of$8.86.Adjusted EBITDA4of$1.671 billion,at a margin3 of 44.9%.Year-over-year,?eet productivity5increased 3.1%as reported and 1.9%on a pro forma5basis.Net cash provided by operating activities of$1.425 billion;free cash?ow4of$1.082 billion,includinggross payments for purchases of rental equipment

4、 of$661 million.Gross rental capital expenditures of$707 million.Returned$368 million to shareholders,comprised of$250 million via share repurchases and$118million via dividends paid.Net leverage ratio6of 1.7x,with total liquidity6of$3.345 billion,at March 31,2025.CEO CommentMatthew Flannery,chief e

5、xecutive o?cer of United Rentals,said,“2025 is o?to a solid start,re?ectingdemand across both our construction and industrial end-markets.Im pleased with the teams commitmentto putting our customers?rst,which ultimately translated to record?rst-quarter revenue and adjustedEBITDA.Im also pleased to r

6、ea?rm our full-year guidance,based on both the momentum were carryinginto our busy season and continued positive customer sentiment,which,together,reinforce ourexpectations for another year of pro?table growth.”Flannery continued,“We remain laser focused on executing our unique and well-proven strat