1、 United Rentals Announces Second Quarter 2025 Results,Raises Full-Year Guidance,and IncreasesPlanned 2025 Share Repurchases by$400 Million to$1.9 Billion2025-07-23STAMFORD,Conn.-(BUSINESS WIRE)-United Rentals,Inc.(NYSE:URI)today announced?nancial results forthe second quarter of 2025,raised its 2025

2、 full-year guidance for total revenue,adjusted EBITDA1,net cashprovided by operating activities and free cash?ow1,and increased its planned share repurchases in 2025by$400 million to$1.9 billion.Second Quarter 2025 HighlightsTotal revenue of$3.943 billion,including rental revenue 2 of$3.415 billion.

3、Net income of$622 million,at a margin 3 of 15.8%.GAAP diluted earnings per share of$9.59,andadjusted EPS 1 of$10.47.Adjusted EBITDA of$1.810 billion,at a margin 3 of 45.9%.Year-over-year,?eet productivity 4 increased 3.3%.Year-to-date net cash provided by operating activities of$2.753 billion;free c

4、ash?ow of$1.198 billion,including gross payments for purchases of rental equipment of$2.121 billion.Year-to-date gross rental capital expenditures of$2.274 billion.Returned$902 million to shareholders year-to-date,comprised of$667 million via share repurchasesand$235 million via dividends paid.Net l

5、everage ratio 5 of 1.8x,with total liquidity 5 of$2.996 billion,at June 30,2025.CEO CommentMatthew Flannery,chief executive o?cer of United Rentals,said,“We are pleased with our solid second-quarter results,which re?ect a continuation of the momentum we reported last quarter.Our updatedguidance is a

6、 result of the growth we achieved across both our general rentals and specialty businesses,and supported by our customer optimism,backlogs and the momentum we are carrying into theremainder of the construction season.”Flannery continued,“Looking forward,our teams commitment to living our One UR cult