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UNITED RENTALS

(URI)
  Report
Delayed Nyse  -  04:00 2022-12-07 pm EST
351.52 USD   +1.22%
05:13pUnited Rentals, Inc. : Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
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05:02pUnited Rentals Completes Acquisition of Ahern Rentals
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12/05New week of gains for our 3 selections
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United Rentals Outlines Sustainability Approach, White Paper Highlights Company and Customer Focused Initiatives

09/28/2022 | 09:44am EST

STAMFORD - United Rentals, Inc. (NYSE: URI) today outlined the steps the company is taking to reduce the environmental impact of its operations and help its customers reduce their carbon footprint.

The initiatives United Rentals is undertaking to achieve these goals are detailed in the new white paper 'Sustainability at United Rentals.' The white paper details three focus areas: First, the company is looking at its own operations, focusing on how it can reduce greenhouse gas emissions from non-rental fleets, buildings and operations. Reducing emissions in the United Rentals non-rental fleet is one of the top priorities. In an agreement with Ford Motor Company, United Rentals announced it is adding electric vehicles to its fleet for use by the company's sales, service and delivery personnel. Additionally, United Rentals is adopting more efficient technologies in its buildings and properties to further reduce GHG emissions. The company has created an employee resource group called Planet United to lead and engage other employees in environmental awareness.

Second, United Rentals is helping its customers create lower-emission worksites without compromising safety or productivity. The company continues to expand low- and zero-emissions rental equipment options in its fleet. United Rentals initiatives with Ford, POWRBANK and Takeuchi, JCB and others demonstrate company commitment to provide eco-friendly equipment to the rental mix. United Rentals is working with several manufacturers to add even more environmentally friendly rental equipment to its portfolio, including more electric, dual fuel or hybrid forklifts, aerial lifts and skid steers, as well as solar-powered LED light towers.

Third, as customers build plans to achieve sustainability goals, United Rentals can help them reduce their equipment footprint by assisting with strategies, visibility and tracking. United Rentals' cloud-based Total Control fleet management system allows customers to track engine hours and use that information to help reduce engine idling. Total Control also tracks utilization that helps users right-size fleets, which can conserve natural resources. United Rentals also recently launched Total Control Emissions Tracking, a solution that helps customers monitor and manage environmental impact.

'As a purpose-driven company committed to continuous improvement, United Rentals has set its sights on establishing new, environmentally sound ways of operating,' said Grant Zoldowski, Director, Environmental Management, United Rentals. 'As an industry leader, we are using our position to support sustainable changes on construction and industrial worksites. Together with our customers and OEM partners, we can Work United to leave a lighter footprint on the planet and build a better, more sustainable future.'

United Rentals believes everyone has a role to play in minimizing contributions to global greenhouse gas (GHG) emissions. The company recognizes it has a responsibility, and opportunity, to help build a cleaner economy. United Rentals is committed to reducing its GHG emissions intensity by 35 percent by 2030, from a 2018 baseline. United Rentals outlined its approach in its recent Corporate Responsibility Report.

About United Rentals

United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,331 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company's approximately 21,600 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,400 classes of equipment for rent with a total original cost of $16.57 billion. United Rentals is a member of the Standard & Poor's 500 Index, the Barron's 400 Index and the Russell 3000 Index and is headquartered in Stamford, Conn.

Contact:

Ted Grace

Tel: (203) 618-7122

Email: tgrace@ur.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
FORD MOTOR COMPANY -1.36% 13.1 Delayed Quote.-36.06%
UNITED RENTALS 1.22% 351.52 Delayed Quote.5.79%
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Financials (USD)
Sales 2022 11 620 M - -
Net income 2022 2 117 M - -
Net Debt 2022 9 769 M - -
P/E ratio 2022 11,8x
Yield 2022 -
Capitalization 24 363 M 24 363 M -
EV / Sales 2022 2,94x
EV / Sales 2023 2,57x
Nbr of Employees 20 400
Free-Float 60,1%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 351,52 $
Average target price 405,72 $
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Matthew John Flannery President, Chief Executive Officer & Director
Ted Grace Chief Financial Officer & Executive Vice President
Michael J. Kneeland Non-Executive Chairman
Daniel T. Higgins Vice President-Information Technology Services
Dale A. Asplund Chief Information Officer & EVP-Business Services
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