United Rentals, Inc.

Shortcut’s reasoning.

The segment forecast uses fleet allocation inferred from depreciation shares, because the issuer does not disclose segment OEC. A conditional fixed-margin, prior-mix sensitivity lowers EPS by about $0.2474. Share timing and a $1 million impairment add-back also carry disclosed uncertainty; these assumptions were preserved through review.

Forecast revenue is $4,699.092500570347 million. GAAP net income of $821.5745164523728 million plus $43.442 million of after-tax normalizing adjustments gives adjusted net income of $865.0165164523728 million. Dividing by 62.113917571428566 million diluted shares gives adjusted EPS of $13.926291405748765; GAAP EPS is $13.226899036075038.

The Shortcut repair restored three blank cash-flow and segment-asset formulas, refreshed stale caches and corrected a $100 million capex-payables classification outside the scored EPS calculation. Assets and liabilities both fell by $100 million. Every value, formula and cache in the rebuilt 156-cell EPS dependency chain stayed unchanged.

The $180 million interest expense, July 20 share-count anchor and unmatched impairment expense allocation remain judgments. The 52% beat probability is a separate heuristic and does not multiply EPS. Source-capture, unscored consensus-basis and retained header/readability limitations are disclosed below.