Profile: United Rentals Inc (URI.N)
United Rentals, Inc. (United Rentals), incorporated on July 20, 1998, is a holding company engaged in the business of equipment rental. The Company conducts its operations through its subsidiary, United Rentals (North America), Inc. (URNA) and subsidiaries of URNA. It operates through two segments: general rentals, and trench, power and pump. The Company operates in approximately 900 rental locations. Approximately 770 of its locations are in the United States, and over 120 are in Canada.
The Company's products and services include equipment rental, sales of rental equipment, sales of new equipment, contractor supplies sales and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis. The types of equipment that the Company offers include general construction and industrial equipment; aerial work platforms; trench safety equipment; power and heating, ventilating, and air conditioning (HVAC) equipment; pumps, and general tools and light equipment. It sells used rental equipment and invests in new equipment. It also sells used equipment in response to customer demand for the equipment.
The Company sells used equipment through its national and export sales forces, which can access various resale markets across its network; at auction; through brokers, and directly to manufacturers. It also sells used equipment through the Company's Website, which includes an online database of used equipment available for sale. It sells equipment, such as aerial lifts, reach forklifts, telehandlers, compressors and generators from various equipment manufacturers. The type of new equipment that the Company sells varies by location. It sells a range of contractor supplies, including construction consumables, tools, small equipment and safety supplies. The Company offers repair and maintenance services, and sell parts for equipment that is owned by its customers.
The Company's general rentals segment includes the rental of general construction and industrial equipment, such as backhoes, skid-steer loaders, forklifts, earthmoving equipment and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts, general tools and light equipment, such as pressure washers, water pumps and power tools. The general rentals segment serves customers, including construction and industrial companies, manufacturers, utilities, municipalities and homeowners. The general rentals segment consists of over nine geographic regions, including Industrial (which serves the geographic Gulf region), Mid-Atlantic, Midwest, Northeast, Pacific West, South-Central, South, Southeast and Western Canada, and operates across the United States and Canada.
Trench, power and pump
The Company's trench, power and pump segment includes the rental of specialty construction products and related services. The trench, power and pump segment consists of the Trench Safety region, which rents trench safety equipment, such as trench shields, aluminum hydraulic shoring systems, slide rails, crossing plates, construction lasers and line testing equipment for underground work; the Power and heating, ventilating and air conditioning (HVAC) region, which rents power and HVAC equipment, such as portable diesel generators, electrical distribution equipment and temperature control equipment, including heating and cooling equipment, and the Pump Solutions region, which rents pumps primarily used by energy and petrochemical customers. The trench, power and pump segment serves customers, including construction companies involved in infrastructure projects, municipalities and industrial companies. The segment operates across the United States and in Canada.
United Rentals Inc
100 Stamford Pl Fl 7
STAMFORD CT 06902-6740
Company Web Links
- BRIEF-United Rentals Q2 adj earnings per share $2.06
- BUZZ-Ashtead: top of FTSE after strong results, buyback plans
- BRIEF-United Rentals says enters amendments to asset-based loan facility
- BRIEF-United Rentals announces pricing of $750 mln senior notes due 2026
- BRIEF-United Rentals announces proposed offering of $750 mln of senior notes due 2026