Why United Rentals Stock Soared to an All-Time High Today
Shares of equipment-rental company United Rentals (NYSE: URI) soared on Thursday after reporting finalized financial results for 2022. For 2022, United Rentals generated revenue of $11.6 billion and earned $3.2 billion in operating income for a stellar operating margin of almost 28%. United Rentals historically has been an acquirer of similar businesses in the equipment-rental space.