United Rentals (URI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by strong operational performance.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by strong operational performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+342.8%
Change from the immediately preceding quarter.
Year-over-year
+13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3.3B | +30.2% |
| Jun 30, 2023 | -$1.6B | -15.3% |
| Sep 30, 2023 | $842M | +45.7% |
| Dec 31, 2023 | $3.7B | +13.1% |
Revenue performance
The reported revenue direction was upward, with a substantial sequential increase from the prior quarter. Year-over-year, revenue also showed a moderate gain.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose significantly. When measured against the same quarter one year earlier, the increase was more moderate.
What to watch
The company's liquidity and capital resources discussion includes ongoing share repurchase programs as part of capital allocation.