United Rentals Reports Solid Third-Quarter Results, Showing the Rental Market Remains Strong

The equipment rental market continues to remain resilient, despite weaker sentiment in global markets year-to-date. For United Rentals, the key driver over the past year-plus has been the shortage of new construction equipment. The heavy machinery industry has been constrained by the global chip shortage, which has slowed down production. Supply chains have improved each quarter, but there's still some challenges to work through. For rental companies, this has meant increased demand for rental equipment. As the number-one player in the rental industry, United Rentals has seen sales and margins increase considerably.