United Rentals, Inc. (URI) Earnings Call Transcripts

United Rentals, Inc.'s Latest Earnings Call - September 15, 2026

In the Q3 2026 earnings call, United Rentals, Inc. (URI) reported strong demand in the construction sector, leading to an upward revision of guidance for the fiscal year. Revenue for the quarter was $3.5 billion, with earnings per share (EPS) of $5.20, both exceeding analyst expectations. Management raised full-year guidance to 10% growth, signaling confidence in the continued strength of large project pipelines and overall market resilience despite macroeconomic headwinds such as rising fuel costs and interest rates.

Reported metrics

Guidance from management

Management maintained a positive outlook, raising full-year growth guidance to 10%, driven by strong demand in large projects and effective cost management strategies.

What management said

For me, I would say just smart activity. So not forcing fleet into a market. One of our largest competitors pull back on fleet a year or so ago, and they were public about it because they had absorption opportunity. I don't know that, that would happened 20 years ago. So I just think not forcing fleet into the market making sure you're meeting the demand responsibly while running a profitable business is what we thin...

Without talking about rates specifically, I would just say the base is there to drive productivity, right? And if we can drive that productivity through efficiency or through pricing through making sure that we're managing our costs, that's really the goal here. And we can be a better partner to our customers, right, by driving some of that efficiency as well. So I think that's what we're focused on. That's what we l...

What analysts pressed on

Analysts expressed concerns about the impact of rising fuel costs and interest rates on future profitability. There were questions regarding the sustainability of growth in a potentially tightening economic environment and the competitive landscape's effect on pricing discipline.

Main topics on the call

• Strong Demand Environment — Management highlighted that the demand environment has been 'really strong' and better than expected, particularly driven by large projects. CEO Matthew Flannery noted, 'the large project pipeline has just accelerated,' ...
• Guidance Revision — United Rentals raised its full-year guidance to 10% growth, reflecting stronger-than-anticipated performance. CFO Ted Grace stated, 'the year just progressed better than we had thought,' signaling management's confidence...
• Fuel Cost Management — Despite rising fuel costs averaging $5.34 per gallon, management successfully managed costs, achieving margin expansion. Grace mentioned, 'the team has done a great job managing that unexpected cost headwind.'
• Competitive Moat and Strategy — United Rentals' long-term strategy of aligning with major contractors has created a competitive advantage. Flannery emphasized, 'the competitive moat that that's created is really why I think you see us outperforming the...

Read the full United Rentals, Inc. transcript (September 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 United Rentals, Inc. earnings call transcripts on record, spanning January 30, 2020 to September 15, 2026. Based on this history, United Rentals, Inc. reports quarterly. The most recent call on file is dated September 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

URI

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Trading Companies and Distributors

Calls on record

45

First call

January 30, 2020

Most recent

September 15, 2026

Reporting cadence

quarterly