United Rentals Inc. in Greenwich lifted third-quarter net income on higher rentals and sales of construction and maintenance gear as it continues to absorb its billion-dollar purchase of its Canadian rival earlier in the year.
For three months ended Sept. 30, United Rentals said Wednesday it netted $73 million, up from $65 million the same period a year ago.
Per-share earnings, adjusted for costs linked to its $4.2 billion merger in May with RSC Holdings Inc., restructuring charge, and other items, rose to $1.35 vs. 91 cents last year.
Third-quarter revenues rose to $1.2 billion vs. $713 million a year earlier.
CEO Michael Kneeland said integration of RSC continues smoothly, with United raising its target for total cost synergies from the combination to a range of $230 million to $250 million.
