联合租赁公司United Rentals（URI）2024年年度报告「NYSE」（英文版）（132页）.pdf

1、ANNUAL REPORT2024UNITED RENTALS,INC.2024 ANNUAL REPORTIn 2024,our team doubled down on being the partner of choice for our customers.Our commitment to safety,coupled with unmatched service,technology and operational excellence,translated into another year of record revenue,adjusted EBITDA1 and earni

2、ngs per share(“EPS”).We delivered these results thanks to our nearly 28,000 team members,whose hard work enabled us to support our customers day in and day out.Our growth in 2024 was supported by healthy demand across our end-markets,including non-residential construction and industrial manufacturin

3、g.Both our general rental and specialty businesses grew year-over-year,with particular strength in specialty.Even excluding the addition of Yak,which added a new product line to our specialty business in early 2024,our specialty rental revenues grew an impressive 17%year-over-year.We continue to exe

4、cute on our strategy with investments in new branch locations,fleet,headcount and technology,all setting the foundation for our growth over the long-term.Additionally,we remain focused on leveraging our industry leading profitability,capital efficiency and the flexibility of our business model to ge

5、nerate meaningful free cash flow,which in turn helps us drive long-term shareholder value.For the full year 2024,we reported total revenue of$15.3 billion,GAAP diluted EPS of$38.69 and adjusted EPS1 of$43.17,all of which were records.Net income was a record$2.6 billion,at a margin of 16.8%1.Adjusted

6、 EBITDA was also a record at$7.2 billion,translating to a margin of 46.7%1.We generated$4.5 billion of net cash from operating activities,and$2.1 billion of free cash flow1 after$3.8 billion of gross rental capital expenditures.Return on invested capital(ROIC)for the year was 13.0%,while our net lev