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4-Traders Homepage  >  Equities  >  Nyse  >  United Rentals, Inc.    URI

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United Rentals : Special boom assisting workers on courthouse roof project

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09/05/2017 | 05:02pm CEST

Sept. 05--WARRENSBURG -- The 150-foot lift/boom carrying All Trades workers to the top of the courthouse for the roof repair project is a special piece of equipment, Ken Bahr, United Rentals general manager says.

He said it is the first time that such a large lift/boom has ever been used in Warrensburg.

The project did not require the boom to reach its top height, he said, but it is an articulating boom with a 75-foot horizontal reach that allowed workers to reach the dome and the Minerva statue.

The equipment, one of nine such lifts/booms owned by United Rentals, weighs 54,700 pounds and required a heavy-haul truck with extra axles to bring it from West Virginia to Warrensburg.

The equipment is that heavy, he said, because it has counterweights at the bottom that keep it from tipping over.

The journey crossed five states in two days at a cost of $5,200, with special permits required for the transport.

"It was expensive to get it here," he said, adding the company is breaking even on the agreement with All Trades Historical Renovation, which also is renting an 85-foot boom from the company.

Bahr said the boom has been on site for over a month and will remain there for the duration of the roof project.

The boom, which cost $401,300, is brand new, with only 49 hours of use, one of the reasons Bahr said he brought it from West Virginia.

"I specifically sought that one out," Bahr said. "I wanted a brand new one" because it is on public display.


(c)2017 The Daily Star-Journal (Warrensburg, Mo.)

Visit The Daily Star-Journal (Warrensburg, Mo.) at www.dailystarjournal.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Sales 2017 6 512 M
EBIT 2017 1 687 M
Net income 2017 748 M
Debt 2017 8 583 M
Yield 2017 -
P/E ratio 2017 17,69
P/E ratio 2018 13,78
EV / Sales 2017 3,19x
EV / Sales 2018 2,73x
Capitalization 12 213 M
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Average target price 140 $
Spread / Average Target -3,2%
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