United Rentals

United Rentals, Inc.
Company typePublic
NYSE: URI
S&P 500 Component
FoundedAugust 14, 1997; 27 years ago (1997-08-14)[1][2]
HeadquartersStamford, Connecticut, U.S.
Key people
Michael J. Kneeland
(chairman of the board)
Matthew Flannery
(CEO)
Michael Durand
(COO)
Ted Grace
(CFO)
ProductsConstruction/industrial rentals, sales, servicing
RevenueIncrease US$14.332 billion (2023)
Increase US$3.827 billion (2023)
Increase US$2.424 billion (2023)
Total assetsIncrease US$25.589 billion (2023)
Total equityIncrease US$8.130 billion (2023)
Number of employees
24,700[3] (2022)
Websiteunitedrentals.com
Footnotes / references
[4]

United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022.[5] It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $19.3 billion in original equipment cost (OEC) as of 2022.[3] The company has a combined total of 1,625 locations, including an integrated network of 1,504 rental locations in North America, 38 in Europe, 23 in Australia and 19 in New Zealand.[6] In North America, the company operates in 49 U.S. states and Puerto Rico and in every Canadian province.[3] In 2017, United Rentals' revenue totaled more than $6.64 billion, with over $1.35 billion in profit.[7] It is ranked #424 on the Fortune 500,[8] #1183 on the Forbes Global 2000 list of the world's largest public companies, and is the world's largest equipment rental company.[9]

URI was founded in 1997 by Brad Jacobs and grew primarily through acquisition. It offers general, aerial, and specialty rentals to a customer base that includes construction and industrial companies; utilities; municipalities; and homeowners. In addition to rentals, the company offers new and used equipment sales, servicing, and safety training.

Since 2019, United Rentals has been led by Matthew Flannery (President & CEO), Michael Durand (Executive Vice President & COO), and Ted Grace (Executive Vice President & CFO). The company is headquartered in Stamford, Connecticut.[10] In 2019, United Rentals was announced the 6th best stock of the 2010s, with a total return of 1,559%.[11]

  1. ^ "US SEC: Form 8-A United Rentals, Inc". U.S. Securities and Exchange Commission. Retrieved December 12, 2019.
  2. ^ "US SEC: Form 10-Q United Rentals, Inc". U.S. Securities and Exchange Commission. Retrieved December 12, 2019.
  3. ^ a b c "United Rentals Completes Acquisition of Ahern Rentals". businesswire.com. 7 December 2022. Retrieved 12 December 2022.
  4. ^ "US SEC: Form 10-K United Rentals, Inc". United Rentals. Retrieved April 13, 2024.
  5. ^ "Market share of the leading equipment rental companies in the United States in 2022". statista.com. July 21, 2022. Retrieved July 31, 2023.
  6. ^ Cite error: The named reference Magnolia Tribune was invoked but never defined (see the help page).
  7. ^ "US SEC: Form 10-K United Rentals, Inc". U.S. Securities and Exchange Commission. Retrieved February 17, 2018.
  8. ^ "United Rentals". Fortune. Retrieved February 17, 2018.
  9. ^ "United Rentals - Rankings at Forbes.com". Forbes. Retrieved May 7, 2018.
  10. ^ "Matthew Flannery, New Chief Executive Officer of United Rentals, Appoints Leadership Team". Yahoo Finance. May 8, 2019. Retrieved May 9, 2018.
  11. ^ Hough, Jack. "10 Stocks That Had Better Decades Than Amazon and Google". www.barrons.com. Retrieved 2019-12-19.