2021 performance
In 2021 United Rental Inc (United Rentals) total revenue reached $9.7 billion, increasing 13.9% compared with 2020. Equipment rentals and sales of rental equipment are the company’s largest revenue types (together, they accounted for 94.0% of total revenue for the year ended December 31, 2021). Equipment rentals increased 14.9%, primarily due to a 10.4% increase in fleet productivity, which included the more pronounced impact of the COVID-19 (coronavirus) pandemic, which resulted in rental volume declines in response to shelter-in-place orders and other market restrictions, in 2020.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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