Positive Outlook for Non-Residential Construction and Equipment Rental Industry

United Rentals CEO Michael Kneeland commented on the vigorous activity in non-residential construction, particularly in energy and commercial sectors, and raised the company's full-year outlook. He concurred with forecasts showing multiple years of healthy industry growth beyond 2014.

“The rebound in non-residential construction is continuing to drive up demand, particularly in the energy and commercial sectors. Given the vigorous activity we're seeing, and the benefit of secular penetration, we've raised our full year outlook - and we concur with the forecasts that show multiple years of healthy industry growth beyond 2014.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.