United rentals announces first quarter 2021 results and raises 2021 guidance following strong start to year

Stamford, conn.--(business wire)--united rentals, inc. (nyse: uri) today announced financial results for the first quarter of 2021 and raised its full-year 2021 guidance. first quarter 2021 highlights total revenue of $2.057 billion, including rental revenue1 of $1.667 billion. fleet productivity2 decreased 0.5% year-over-year; fleet productivity improved sequentially by 330 basis points, primarily due to better fleet absorption. net income of $203 million, implying a net income margin3 of 9.9%
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