United Rentals Files Annual Reports

The company is back in compliance with NYSE reporting guidelines.
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United Rentals

(URI) - Get Report

, the Greenwich, Conn.-based equipment rental company, said it filed its annual reports for 2004 and 2005, bringing the company into compliance with the reporting requirements of the New York Stock Exchange.

The company reported 2005 revenue of $3.56 billion and earning a share of $1.80, a cent lower than its preliminary earnings estimate. The results reflect an additional restatement related to the allocation of the purchase price of acquisitions completed since July 2001. Analysts surveyed by Thomson First Call were expecting earnings of $1.75 a share.

The company said as a result of the restatements, the results reflect a drop in earnings by about $3 million in 2005 and 2004, $2 million in 2003 and $1 million in 2002.

The company expects to file its quarterly reports for 2005 by mid April and has also obtained a short-term amendment from the lenders under its senior credit facility to allow it to file these reports until April 28, it said.

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