United rentals announces third quarter 2020 results and raises full-year guidance

Stamford, conn.--(business wire)--united rentals, inc. (nyse: uri) today announced financial results for the third quarter of 2020 and raised its full-year 2020 guidance. third quarter 2020 highlights total revenue of $2.187 billion, including rental revenue1 of $1.861 billion. fleet productivity2 decreased 8.0% year-over-year, reflecting the impact of covid-19 on volumes; fleet productivity improved sequentially by 560 basis points, primarily due to better fleet absorption. net income3 of $208
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