Capital Allocation and Digital Strategy Update
United Rentals at a Glance (NYSE: URI)
#1 Market Share (1)
Other
70%
Herc 4%
1997
Founded
United
Rentals
15%
Stamford, CT
Headquarters
Sunbelt
11%
~$21B
Fleet Size (3)
$
~26,300
Employees (3)
~$39B
Market Cap (3)
1,584
Global Branch Locations (3)
(1)
$14.3B
$6.9B
2023 total revenue
(+23.1% YoY)
2023 adjusted EBITDA (2)
(+22.1% YoY)
47.8% 2023 adjusted EBITDA Margin (2)
~4,800
Equipment Categories (3)
1,504
North American Locations (3)
Market Leader in an Industry Where Size and Scale Are Differentiators
North American market share is based on 2023 actual or estimated rental revenues and American Rental Association ("ARA") industry estimates. Subsequent to our prior disclosure of our 2022 market share, the ARA updated its methodology, which increased its estimate of the size of
the North American equipment rental industry. When using the current updated ARA industry size methodology for both periods, our estimated North American market share as of December 31, 2023 did not change materially from our market share as of December 31, 2022, which
included the pre-acquisition revenue of Ahern Rentals.
Adjusted EBITDA is a non-GAAP measure. Adjusted EBITDA margin represents adjusted EBITDA divided by total revenue. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures.
(2)
(3)
As of December 31, 2023.
United Rentals
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