(United Rentals)
United Rentals Inc. could benefit from the unpredictability over tariffs as customers become weary of ownership.
“Anytime there’s uncertainty, that tends to favor rental over ownership,” Chief Financial Officer Ted Grace said on a call April 24 with analysts, adding that revenue could see a boost and the rental margin could benefit “even more than we think.”
Tariffs aren’t expected to increase costs as capital expenditures are fully negotiated for the year. As for 2026, the company said it will try to align with suppliers that can bypass cost increases or avoid them altogether.
The Stamford, Conn.-based company beat estimates April 23 in equipment rentals sales, its largest segment, as it reiterated full-year adjusted Ebitda and revenue guidance.
United ranks No. 11 on the Transport Topics Top 100 list of the largest private carriers in North America, and No. 1 on the sector list of top equipment rental providers.
