United Rentals, Inc. (NYSE:URI) Q2 2023 Earnings Conference Call October 26, 2023 8:30 AM ET

Company Participants

Matthew Flannery - President and Chief Executive Officer

Ted Grace - Chief Financial Officer.

Conference Call Participants

David Raso - Evercore ISI

Stephen Fisher - UBS

Clay Williams - Goldman Sachs

Tim Thein - Citigroup

Neil Tyler - Redburn Atlantic

Stephen Ramsey - Thompson Research Group

Michael Feniger - Bank of America

Operator

Good morning and welcome to the United Rentals Investor Conference call. Please be advised that this call is being recorded. Before we begin, please note that the company's press release, comments made on today's call, and responses to your questions contain forward looking statements.

The company's business and operations are subject to a variety of risk and uncertainties, many of which are beyond its control, and consequently, actual results may differ materially from those projected. A summary of these uncertainties is included in the safe harbor statement contained in the Company's press release. For a more complete description of these and other possible risks, please refer to the Company's annual report on Form Ten K for the year ended December 31, 2022, as well as to subsequent filings with the SEC.

You can access these filings on the Company's website at www.unitedreynolds.com. Please note that United Reynolds has no obligation and makes no commitment to update or publicly release any revisions to forward looking statements in order to reflect new information or subsequent events, circumstances or changes in expectations. You should also note that the Company's press release and today's call include references to non-GAAP terms such as free cash flow, adjusted EPS EBITDA and adjusted EBITDA.

Please refer to the back of the Company's recent investor presentations to see the reconciliation from each non GAAP financial measure to the most comparable GAAP financial measure. Speaking today for United Reynolds is Matt Flannery, President and Chief Executive Officer, and Ted Grace, Chief Financial Officer. I will now turn the call over to Mr. Flannery, you may begin.

Matthew Flannery

Thank you, operator, and good morning, everyone. Thanks for joining our call this morning. As you saw in our third quarter results, the team continues to raise the bar, as evidenced by the new high watermarks we set across this quarter's revenue adjusted EBITDA and returns.

As you've heard me say many times, our employees are the key to our results. Their focus on safely supporting our customers is paramount to generating value for our shareholders, and I'm most thankful that our team again delivered a companywide recordable rate below one. This goes without saying, but safety is not only a differentiator in the eyes of the customer, but it's also critical that we take care of our most valuable assets.