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**United Rentals Upgrades 2024 Forecast with Acquisitions**

United Rentals has recently adjusted its forecast for the 2024 financial year, revealing a significant increase of $300 million (€279 million) thanks to the acquisition of Yak Access and Yak Mat earlier this year. This acquisition has propelled the company’s revenue expectations from a range of $14.6 billion (€13.5 billion) to $15.1 billion (€14 billion), to a new high of $15.4 billion (€14.3 billion). This boost in revenue is attributed to the completion of the purchase of the temporary roadway rental business.

**AI legalese decoder Assistance**

The AI legalese decoder can assist in this situation by quickly analyzing and interpreting the legal jargon and complexities involved in such acquisitions. It can provide insights into the implications of the acquisition on United Rentals’ financial standing and future prospects. By using the AI legalese decoder, United Rentals can make informed decisions and navigate the legal intricacies of the acquisition process more effectively.

Moreover, the company now anticipates an increase in capital expenditure, ranging between $2 billion (€1.8 billion) and $2.3 billion (€2.1 billion), up from the previous forecast of $1.9 billion (€1.7 billion) to $2.2 billion (€2 billion). The CEO of United Rentals, Matthew Flannery, expressed satisfaction with the company’s performance, particularly highlighting the strategic growth through acquisitions like Yak.

The revision in forecast was unveiled during the company’s financial results announcement for the first quarter of 2024, which showed a 7% rise in revenues compared to the same period in 2023. The total revenue amounted to $3.4 billion (€3.1 billion), with rental revenue increasing by 7% to $2.9 billion (€2.6 billion). The specialty division saw the most substantial growth at 19%, generating $859 million (€798 million) in Q1 of 2024.

Additionally, the adjusted EBITDA for the quarter escalated by 5.6% year-over-year, reaching a record high of $1.5 billion (€1.3 billion) for the first quarter. Flannery reiterated the company’s positive outlook for 2024, emphasizing the opportunities presented by the addition of Yak and the promising long-term prospects on the horizon.

By utilizing the AI legalese decoder, United Rentals can streamline their legal processes, enhance their understanding of complex legal documents related to acquisitions, and make more informed decisions to drive their business forward.

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