United Rentals, Inc. (NYSE:URI) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET

Company Participants

Matthew Flannery - President and CEO
William Ted Grace - EVP and CFO

Conference Call Participants

David Raso - Evercore ISI
Robert Wertheimer - Melius Research
Timothy Thein - Raymond James
Jamie Cook - Truist Securities
Jerry Revich - Goldman Sachs
Michael Feniger - Bank of America
Tami Zakaria - JPMorgan
Kyle Menges - Citigroup
Angel Castillo - Morgan Stanley
Steven Fisher - UBS
Neil Tyler - Redburn
Scott Schneeberger - Oppenheimer
Kenneth Newman - KeyBanc Capital Markets

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 risks 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 10-K for the year ended December 31, 2023, as well as to subsequent filings with the SEC. You can access these filings on the Company's website at www.unitedrentals.com. Please note that United Rentals 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 Rentals is Matt Flannery, President and Chief Executive Officer, and Ted Grace, Chief Financial Officer.

I will now turn the call over to Mr. Flannery. Mr. Flannery, you may begin.

Matthew Flannery

Thank you Operator, and good morning everyone. Thanks for joining our call. As you saw yesterday afternoon, we built upon our strong start to 2024 with another solid quarter. We're pleased with the growth, profitability, returns, and free cash flow in the second quarter as the year continues to unfold in line with our expectations. Our reiterated guidance is further proof of this. Of course, the key to these results is our team's diligence in providing our full offering across general and specialty, coupled with a steadfast commitment to safety, operational excellence, and innovation. Without the hard work of our 27,000-plus employees, the results we'll be discussing this morning would not have been possible.