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联合租赁公司United Rentals(URI)2025年第四季度及全年财务业绩投资者演示报告「NYSE」(英文版)(57页).pdf

上传人: 1****1 编号:1189831 2026-04-14 57页 3.47MB

1、1I 2023 United Rentals,Inc.All rights reserved.Fourth Quarter and Full Year 2025 Investor Presentation2I Unless otherwise specified,the information in this presentation,including forward-looking statements,is as of our most recent earnings call held on January 29,2026.We make no commitment to update

2、 any such information contained in thispresentation.Certain statements in this presentation are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended,and the Private Securities Litigation Reform Act of 1995,known as thePSLRA.These statements c

3、an generally be identified by the use of forward-looking terminology such as“believe,”“expect,”“may,”“will,”“should,”“seek,”“on-track,”“plan,”“project,”“forecast,”“intend”or“anticipate,”or the negative thereof orcomparable terminology,or by discussions of vision,strategy,outlook,targets or goals(inc

4、luding but not limited to our aspirational sustainability goals).You are cautioned that our business and operations are subject to a variety of risks anduncertainties,many of which are beyond our control,and,consequently,our actual results may differ materially from those projected.Factors that coul

5、d cause actual results to differ materially from those projected include,but are not limited to,the following:(1)the impact of global economic conditions(including inflation,interest rates,supply chain constraints,tariffs,trade wars and sanctions),geopolitical risks(including risks related to intern

6、ational conflicts)and public health crisesand epidemics on us,our customers and our suppliers,in the United States and the rest of the world;(2)declines in construction or industrial activity,which can adversely impact our revenues and,because many of our costs are fixed,ourprofitability;(3)rates we

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1. **公司概况**:United Rentals(NYSE: URI)为北美设备租赁龙头,2025年总收入161亿美元(同比+4.9%),调整后EBITDA 73.3亿美元(同比+2.3%),EBITDA利润率45.5%,全球分支机构1,768家,机队规模约220亿美元。 2. **战略优势**:通过多元化业务(专业租赁占收入36.5%)、技术赋能(数字平台覆盖78%收入)及高效整合M&A(如RSC收购)维持竞争力,2026年指引收入168-173亿美元,调整后EBITDA 75.8-78.3亿美元。 3. **财务表现**:十年自由现金流转化率135%,累计自由现金流174亿美元;杠杆率降至2.0x,2026年计划回购15亿美元股票并分红(季度1.97美元/股)。 4. **可持续发展**:目标2030年温室气体强度降低35%(2024年已降27.3%),员工自愿离职率10.8%(2025年),安全指标TRIR 0.75。
**租赁行业前景?** **财务表现如何?** **ESG目标进展?**
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