United Rentals (URI) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the quarter, with significant gains relative to both the preceding quarter and the year-ago period.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the quarter, with significant gains relative to both the preceding quarter and the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$842M
Revenue reported for this quarter.
Quarter-over-quarter
+151.6%
Change from the immediately preceding quarter.
Year-over-year
+45.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
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 |
|---|---|---|
| Dec 31, 2022 | $3.3B | +18.7% |
| Mar 31, 2023 | $3.3B | +30.2% |
| Jun 30, 2023 | -$1.6B | -15.3% |
| Sep 30, 2023 | $842M | +45.7% |
Revenue performance
The company reported higher revenue for the quarter compared to the prior quarter and the same quarter last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased markedly. Versus the same quarter one year earlier, revenue also showed a substantial increase.
What to watch
The sharp revenue growth rate could be a point of focus in future quarters.