United Rentals misses profit estimates on inflationary costs

United Rentals

29/01/2025 23:19

Jan 29 (Reuters) - United Rentals  URI.N , which rents
out equipment to the manufacturing and construction sectors
across North America, missed analysts' estimate for
fourth-quarter profit on Wednesday, hit by inflationary costs.
    United Rentals, one of the largest equipment rental firms in
the world, posted an adjusted profit of $11.59 per share for the
quarter ended Dec. 31, compared with analysts' average estimate
of $11.65, according to data compiled by LSEG.
    For 2025, the Stamford, Connecticut-based company expects to
post revenue between $15.6 billion and $16.1 billion, the
midpoint of which is above estimates of $15.82 billion.
    The company reported total revenue of $4.09 billion for the
quarter, compared with estimates of $3.94 billion.

 (Reporting by Nathan Gomes in Bengaluru; Editing by Maju
Samuel)
 ((Nathan.Gomes@thomsonreuters.com;))