United Rentals (URI) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter was negative, a sharp reversal from the positive figures in prior periods. Compared to the previous quarter and the same quarter a year ago, revenue declined.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter was negative, a sharp reversal from the positive figures in prior periods. Compared to the previous quarter and the same quarter a year ago, revenue declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
-149.6%
Change from the immediately preceding quarter.
Year-over-year
-15.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Sep 30, 2022 | $578M | +10.5% |
| Dec 31, 2022 | $3.3B | +18.7% |
| Mar 31, 2023 | $3.3B | +30.2% |
| Jun 30, 2023 | -$1.6B | -15.3% |
Revenue performance
The company reported a negative revenue amount, reflecting a substantial decrease from the prior quarter's positive revenue.
Quarterly comparison
Revenue fell compared to the immediately preceding quarter and also decreased relative to the same quarter one year earlier.
What to watch
The shift to negative revenue is a material change that warrants attention in upcoming reports.