Strong Financial Performance: United Rentals reported a 4.5% year-over-year growth in total rental revenue, reaching $3.9 billion, with rental revenue specifically increasing by 6.2% to a record $3.4 billion. Adjusted EBITDA also set a new record at $1.8 billion, achieving a margin of nearly 46%. Adjusted EPS stood at $10.47, highlighting solid operational efficiency.

Positive Cash Flow Guidance: The company raised its full-year free cash flow forecast to between $2.4 billion and $2.6 billion, largely benefiting from recent tax reforms that allow for full expensing of capital expenditures. This marks an increase from prior expectations of around $2 billion, suggesting a new baseline for future cash flow generation.

Capital Allocation Strategy: The company returned $534 million to shareholders in Q2 2025 through share buybacks and dividends, with a total return plan of nearly $2.4 billion for the year, which equates to about 4.7% yield based on current market capitalization. The increased share repurchase plan to $1.9 billion indicates strong confidence in future performance.