Boston, MA 04/08/2014 (wallstreetpr) – The equipment rental giant in the markets of the U.S. and Canada, United Rentals, Inc. (NYSE:URI) has a wide array of network and is still growing at a rapid pace. It is experimenting with various strategies and the effect can be positively viewed from its growth graph. A sneak peak of the same can be analyzed to gauge the growth of the company and its effect on the market.
Lean Process Initiative
United Rentals, Inc. (NYSE:URI) is all set to execute its much waited ‘Lean processes’ programme at the North American operation. The initiative includes a target of inclusion of 200 more stores this year after the grand success of the 8-branch project that was piloted last year.
United’s CFO, Bill Plummer confirmed that the initiative has potential to reduce costs by $100 million due to adoption of efficiency methods used in manufacturing sector in just 3 years. He shared his vision of expanding the company globally with execution of new strategies and plans.
Profitable Acquisition
On April 1, 2014, United Rentals confirmed its acquisition of National Pump by sealing the deal for $780 million. This made United Rentals the second largest provider of pump rentals in North America by giving access to almost 37 branches that are operating in the U.S. and Canada. United Rental’s CEO and President, Michael Kneeland said that the acquisition would results in doubling their revenues in coming 4-5 years and overwhelmingly shared the company’s plan of expansion and growth.
1Q2014 Conference Call
United Rentals, Inc. (NYSE:URI) after having some strategic deals on board and closure of 1Q2014 is all set to have its 1Q2014 Conference Callon April17, 2014. The conference call will take place between Michael Kneeland, CEO and president, William Plummer, CFO and Matt Flannery, chief executive officer.The press release of the same will be issued along with audio webcast for easy access.
