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UNITED RENTALS, INC. 8-K Report (Jan 30, 2002)

Reports
Other Events
Filing Date
Filed January 30, 2002
Period End
January 30, 2002
Security
URI
In the record · 2016–202610-K1110-Q328-K170

URI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Oct ’17Oct ’17
  2. Leadership change8-K · May ’19May ’19
  3. Material agreement8-K · Aug ’21Aug ’21
  4. Material agreement8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed January 30, 2002. Cited figures are marked; the original filing is the authoritative source.

United Rentals, Inc. (URI) filed an 8-K on January 30, 2002, to announce its financial projections and operational updates to investors during an investor presentation.

The company expressed confidence in its previously issued 2001 projections and provided forward-looking guidance for 2002 and 2003. This filing is significant as it offers investors insight into the company's expected revenue growth, profitability (EBITDA), and earnings per share for the upcoming years, alongside a key update on debt reduction. The company highlighted its use of free cash flow from operations in 2001 to significantly repay $247 milliona in indebtedness and synthetic lease obligations.

Furthermore, it disclosed that revenues from National Account customers reached $372 millionb in 2001. While these projections offer optimism, investors should note the cautionary language regarding the inherent risks and uncertainties that could cause actual results to differ materially from these forward-looking statements, including economic conditions, governmental funding, capital access, and acquisition integration.

02—Key points

Key Highlights

  1. Comfortable with previously announced 2001 financial projections.
  2. Projects 2002 revenues of $2.9 billion, EBITDA of $935 million, and diluted EPS of $1.95.
  3. Projects 2003 revenues of $3.34 billion, EBITDA of $1.13 billion, and diluted EPS of $2.80.
  4. Repaid $247 million of indebtedness and synthetic lease obligations in 2001 using free cash flow from operations.
  5. Generated $372 million in revenues from National Account customers during 2001.
  6. The company emphasizes that these are forward-looking statements subject to risks and uncertainties.

03—Questions

Frequently Asked Questions

  1. What are United Rentals' key financial projections for 2002 and 2003?

    For 2002, United Rentals projects revenues of $2.9 billion, EBITDA of $935 million, and diluted EPS of $1.95. For 2003, the company projects revenues of $3.34 billion, EBITDA of $1.13 billion, and diluted EPS of $2.80.

  2. How did United Rentals use its cash flow in 2001?

    In 2001, United Rentals utilized a portion of its free cash flow from operations to repay $247 million of its indebtedness and synthetic lease obligations.

  3. What is EBITDA and why is it mentioned?

    EBITDA, defined as net income plus interest expense, income taxes, and depreciation and amortization (excluding non-operating items and non-recurring charges), is provided as an additional measure to help investors assess the company's ability to meet future debt service obligations and capital expenditure and working capital requirements. However, it is not a GAAP measure and should not be considered a substitute for net income or cash flows.

  4. What are the main risks associated with these projections?

    The company highlights several risks, including unfavorable economic and industry conditions that could reduce demand and prices, potential shortfalls in governmental funding for construction projects, uncertainty regarding future access to capital, and potential undiscovered liabilities or integration difficulties with acquired companies.

04—Continue

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