Matthew Flannery

Matthew Flannery leads United Rentals as President and CEO, overseeing the world's largest equipment rental company with more than 1,600 rental locations across North America. United Rentals rents everything construction and industrial companies need: aerial work platforms (boom lifts, scissor lifts), earthmoving equipment (excavators, backhoes), power and HVAC equipment, trench safety, and general tools. The equipment rental industry benefits from a powerful secular trend: construction and industrial companies increasingly prefer renting to owning equipment. Renting eliminates capital outlay, maintenance costs, storage, and obsolescence risk. Equipment rental penetration in North America has been steadily increasing for decades and still has significant room to grow compared to more mature markets. United Rentals has been a prolific acquirer, most notably acquiring Ahern Rentals and BakerCorp, consolidating a fragmented industry. Key stock drivers include non-residential construction spending, infrastructure investment (particularly the U.S. Infrastructure Investment and Jobs Act), equipment rental penetration growth, fleet utilization and rental rates, acquisition integration and pipeline, energy sector activity (oil and gas, renewable energy construction), used equipment values, and overall U.S. economic activity.