Mar 05, 2024 / 08:10PM GMT
David Michael Raso - Evercore ISI Institutional Equities, Research Division - Senior MD & Head of Industrial & Machinery Research Team
(technical difficulty)
Questions and Answers:
Matthew J. Flannery - United Rentals, Inc. - President, CEO & Director(technical difficulty)
It's trading on a cash flow yield that's starting to feel maybe a little punchy or you look at Cintas is an extreme example of a Quanta. So they're converting their EBITDA to cash at 45%, 50%, you are at 30%.
David Michael Raso - Evercore ISI Institutional Equities, Research Division - Senior MD & Head of Industrial & Machinery Research Team
I'm just curious that the structure of the business. Now, I'm not saying that's the only way to value the company. Do you see the ability to create better conversion from EBITDA to cash flow as we sit here today? Or is it -- well, it's in nature of the business, to some degree, those aren't apples-to-apples comps but watches outgrow or whatever it may be. I'm just curious
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