Summary
United Rentals, Inc. (URI) filed an 8-K on November 4, 2008, to disclose information that would be presented at upcoming investor meetings starting November 5, 2008. The filing is primarily a Regulation FD disclosure, making a presentation available on their website. This presentation includes details on the company's business, financial results, and its 2008 outlook. Investors should note that the presentation utilizes several non-GAAP financial measures, including free cash flow, EBITDA, pro-forma EBITDA, and pro-forma EPS. The company provides definitions and reconciliations for these measures, emphasizing their belief that these metrics offer useful insights into operational performance and cash flow availability. However, they caution that these should not be considered substitutes for GAAP measures.
Key Highlights
- 1United Rentals made a presentation available on their website (www.unitedrentals.com) starting November 5, 2008, containing business and financial information, and their 2008 outlook.
- 2The filing serves as a Regulation FD disclosure, ensuring broad public access to the information.
- 3The presentation includes non-GAAP financial measures: free cash flow, EBITDA, pro-forma EBITDA, and pro-forma EPS.
- 4Definitions and reconciliations for these non-GAAP measures are provided within the presentation.
- 5Management believes these non-GAAP measures offer valuable insights into operational performance and cash flow, supplementing GAAP reporting.
- 6The company explicitly states these non-GAAP measures should not replace traditional GAAP financial measures like net income or EPS.
- 7The filing includes a comprehensive forward-looking statements section detailing various risks and uncertainties that could impact future results.