United Rentals (URI) Revenue — Quarter Ended Jun 30, 2024
Revenue for the reported quarter was negative, marking a sharp reversal from the prior quarter. Compared to the same quarter a year earlier, revenue also declined.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the reported quarter was negative, marking a sharp reversal from the prior quarter. Compared to the same quarter a year earlier, revenue also declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-151.4%
Change from the immediately preceding quarter.
Year-over-year
-9.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
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, 2023 | $842M | +45.7% |
| Dec 31, 2023 | $3.7B | +13.1% |
| Mar 31, 2024 | $3.5B | +6.1% |
| Jun 30, 2024 | -$1.8B | -9.7% |
Revenue performance
The reported revenue turned negative, a significant drop from the positive figure in the immediately preceding quarter.
Quarterly comparison
Revenue decreased compared to both the prior quarter and the same quarter one year earlier, with the sequential decline being particularly pronounced.
What to watch
The filing discusses risks related to global economic conditions and construction activity, which may be relevant to the revenue trend.