United Rentals Revenue Drops 32 Percent in Third Quarter

Published Friday, October 30, 2009

Total revenue dropped 32 percent for United Rentals in the third quarter while rental revenue plunged 43 percent compared with the same period in 2008. Total revenue was $592 million compared with $873 million in the year-ago quarter, while rental revenue declined from $684 million in last year’s third quarter to $478 million in this year’s quarter. On a GAAP basis, the company reported third-quarter 2009 net income of $0, compared with $74 million for the third quarter of 2008. There were, however, some positive developments. Free cash flow was $123 million, compared with $20 ...

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