United Rentals Inc.

Acquisition Charges Result in Second-Quarter Loss for United Rentals

United Rentals Inc. announced financial results for the second quarter 20121. Total revenue was $993 million and rental revenue was $845 million, compared with $629 million and $524 million, respectively, for the same period last year.

On a GAAP basis, the company reported a second quarter 2012 loss from continuing operations of $52 million, or $0.63 per diluted share, compared with income of $28 million, or $0.38 per diluted share, for the same period in 2011. The company’s GAAP results for the second quarter 2012 reflect significant merger and restructuring-related costs associated with its recent acquisition of RSC. Adjusted EPS2 for the second quarter 2012 was $0.66 per diluted share, compared with $0.40 per diluted share the prior year. The company’s effective tax rate for the second quarter 2012 was 18.8%.

For more about United Rentals' second-quarter results...

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