United Rentals Q1 results beat, raises 2026 outlook

United Rentals

22/04/2026 21:32

Overview

U.S. equipment rental firm's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year 2026 guidance after growth in general and specialty rentals

Outlook

United Rentals raises 2026 total revenue outlook to $16.9 bln-$17.4 bln from $16.8 bln-$17.3 bln

Company lifts 2026 adjusted EBITDA forecast to $7.625 bln-$7.875 bln from $7.575 bln-$7.825 bln

Company cites momentum and growth opportunities in large projects and key verticals for raised outlook

Result Drivers

RENTAL REVENUE GROWTH - Q1 rental revenue rose 8.7% year-over-year, driven by higher fleet productivity and increased equipment investment

GENERAL RENTALS MARGIN IMPROVEMENT - General rentals segment margin rose due to lower depreciation, labor, and delivery costs as a percentage of revenue

COST REDUCTIONS - Lower SG&A and interest expenses as a percentage of revenue supported higher profitability, partly offset by $45 mln in restructuring charges

Company press release: ID:nBw7mFGkda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.99 bln
$3.88 bln (14 Analysts)
Q1 Adjusted EPS
Beat
$9.71
$8.97 (17 Analysts)
Q1 EPS
$8.43
Q1 Net Income
$531 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for United Rentals Inc is $970.00, about 20.3% above its April 21 closing price of $806.22

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)