United Rentals Q2: Thriving Through The Industrial Recession, But Seems Fairly Valued
URIUnited Rentals(URI) Seeking Alpha·2024-07-26 19:04
AContadini United Rentals' Success Amidst Industrial Woes In the last year, industrials grappled with a manufacturing recession which has still not eased its dent. Data by YCharts After all, a huge surge in demand fueled by low rates and stimulus packages ruled by many governments created a huge pull-forward effect. No wonder we are now seeing automakers, and other heavy machinery producers face a decline in orders while feeling new pressure on margins. At the same time, construction spending in the U.S ...