联合租赁公司United Rentals（URI）2025年第四季度及全年业绩报告「NYSE」（英文版）（18页）.pdf

1、 United Rentals Announces Fourth Quarter and Full-Year1 2025 Results,Introduces 2026 Outlook forGrowth,and Announces Plan to Return Approximately$2 Billion to Shareholders in 2026 Supported byNew$5 Billion Share Repurchase Program2026-01-28STAMFORD,Conn.-(BUSINESS WIRE)-United Rentals,Inc.(NYSE:URI)

2、today announced?nancial results forthe fourth quarter of 2025 and reported its full-year results on Form 10-K.The company also announced itsfull-year 2026 guidance,its intention to repurchase$1.5 billion of common stock in 2026,supported by anew$5 billion share repurchase program,and a 10%increase t

3、o its quarterly dividend.Fourth Quarter and Full-Year 2025 HighlightsTotal revenue for the quarter of$4.208 billion,including rental revenue 2 of$3.581 billion.Net income for the quarter of$653 million,at a margin 3 of 15.5%.GAAP diluted earnings per share of$10.27,and adjusted EPS 4 of$11.09.Adjust

4、ed EBITDA 4 for the quarter of$1.901 billion,at a margin 3 of 45.2%.Year-over-year,?eet productivity 5 increased 0.5%for the fourth quarter and 2.2%for the full-year.Full-year net cash provided by operating activities of$5.190 billion;free cash?ow 4 of$2.181 billion,including gross payments for purc

5、hases of rental equipment of$4.149 billion.Full-year gross rental capital expenditures of$4.189 billion.Returned$2.364 billion to shareholders for the full-year,comprised of$1.9 billion via sharerepurchases and$464 million via dividends paid.Year-end net leverage ratio 6 of 1.9x,with total liquidity

6、 6 of$3.322 billion.CEO CommentMatthew Flannery,chief executive o?cer of United Rentals,said,“I am very pleased that the teamscommitment to again double down on being the partner of choice for our customers in 2025 resulted in ayear of record revenue and EBITDA.By working hand-in-hand with our custo