United Rentals (URI) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined slightly compared to the immediately preceding quarter, but rose substantially compared to the same quarter one year earlier. The company's trailing revenue reflects the combined performance over the past twelve months.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined slightly compared to the immediately preceding quarter, but rose substantially compared to the same quarter one year earlier. The company's trailing revenue reflects the combined performance over the past twelve months.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
+30.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | -$1.4B | -40.3% |
| Sep 30, 2022 | $578M | +10.5% |
| Dec 31, 2022 | $3.3B | +18.7% |
| Mar 31, 2023 | $3.3B | +30.2% |
Revenue performance
The reported revenue decreased marginally from the prior quarter, while showing a significant increase year over year.
Quarterly comparison
Compared to the previous quarter, revenue edged lower. Relative to the same quarter last year, revenue was markedly higher.
What to watch
The company paused share repurchases during the initial phase of an acquisition integration and resumed them in the current quarter, while also initiating a dividend program.