United Rentals Reaffirms FY18 Revenue Outlook

(RTTNews) - Equipment rental company United Rentals Inc. (URI), Tuesday reaffirmed its full-year 2018 revenue guidance.

For the full year 2018, the company continues to expect revenues of $7.89 billion to $7.99 billion. Analysts polled by Thomson Reuters currently estimate revenues of $7.92 billion for 2018.

For the full year 2019, the company expects revenues of $9.15 billion to $9.55 billion. Analysts currently estimate revenues of $9.15 billion for 2019.

CEO Michael Kneeland said, "We're continuing to position the company for enduring success by balancing growth, margins, returns and free cash flow. Differentiation is a critical element of our strategy - our business is firmly grounded in sustainable competitive advantages that we believe will benefit our shareholders in any environment."

Kneeland continued, "Our 2019 guidance reflects the healthy momentum we see going into year-end and our confidence that positive conditions will prevail in the coming year. Our five 2018 acquisitions have been successfully integrated, increasing the tailwinds in our gen-rent and specialty segments. We look forward to reporting our fourth quarter results on January 23."