Adjusted EBITDA increased 18.1% to $921M vs. $910M consensus.
The company's adjusted EBITDA margin fell 150 bps to 3.1% of sales as acquisitions factored in.
Looking ahead, United Rentals expects 2019 revenue of $9.15B to $9.55B and adjusted EBITDA of $4.35B to $4.55B. Free cash flow of $1.3B to $1.5B is anticipated.
CEO update: "By reaffirming our guidance, we’re emphasizing our confidence in the cycle. The year is unfolding as we expected - customer sentiment remains positive, and feedback from the field points to healthy end-market activity."
URI +5.0% AH to $132.09.
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