United Rentals Inc. (NYSE:URI) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET

Company Participants

Matthew Flannery - President, Chief Executive Officer
Ted Grace - Executive Vice President, Chief Financial Officer

Conference Call Participants

David Raso - Evercore ISI
Michael Feniger - Bank of America
Tim Thein - Raymond James
Unknown Analyst - Goldman Sachs
Robert Wertheimer - Melius Research
Jamie Cook - Truist Securities
Ken Newman - Keybanc Capital
Kyle Menges - Citi
Angel Castillo - Morgan Stanley
Neil Tyler - Redburn Atlantic
Scott Schneeberger - Oppenheimer

Operator

Good morning and welcome to the United Rental’s 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, 2024 continues to play out as we expected. We were pleased with our third quarter results, which continued to reflect growth across both our construction and industrial end markets. Our updated guidance reaffirms our expectations for another year of profitable growth, which we were able to deliver thanks to our more than 27,000 team members. Their hard work enables us to support our customers with world-class service and innovative solutions, all while keeping safety as priority number one.