8-KEarnings & ResultsLeadership ChangesRegulation FD+1

UNITED RENTALS, INC. 8-K Report, Financial Results (Feb 26, 2009)

Filed February 26, 2009For Securities:URI

Summary

United Rentals, Inc. (URI) filed an 8-K on February 26, 2009, primarily reporting its financial results for the year and quarter ended December 31, 2008, via an accompanying press release (Exhibit 99.1). This filing also provided supplemental information regarding the election and committee assignments of new directors, José B. Alvarez, Bobby J. Griffin, and Filippo Passerini, who were initially announced in January. Specifically, Mr. Passerini joined the Audit Committee, Mr. Alvarez the Nominating and Corporate Governance Committee, and both Messrs. Alvarez and Griffin the Compensation Committee. Furthermore, the report highlighted that certain business, financial results, and 2009 outlook information, including non-GAAP financial measures such as free cash flow, EBITDA, pro-forma EBITDA, and pro-forma EPS, would be available on the company's website. The company provided definitions and rationales for these non-GAAP measures, emphasizing their usefulness while noting they are not direct replacements for GAAP metrics. Investors should refer to the press release and the company's website for detailed financial performance and future outlook.

Key Highlights

  • 1The 8-K filing's main purpose was to furnish the press release detailing United Rentals' financial results for the fourth quarter and full year 2008.
  • 2New directors José B. Alvarez, Bobby J. Griffin, and Filippo Passerini have been assigned to key board committees: Audit, Nominating and Corporate Governance, and Compensation.
  • 3Filippo Passerini was appointed to the Audit Committee.
  • 4José B. Alvarez was appointed to the Nominating and Corporate Governance Committee.
  • 5José B. Alvarez and Bobby J. Griffin were appointed to the Compensation Committee.
  • 6United Rentals is providing forward-looking information and non-GAAP financial measures (free cash flow, EBITDA, pro-forma EBITDA, pro-forma EPS) via investor presentations and its website.
  • 7The company emphasizes that non-GAAP measures are supplementary and should not be viewed as alternatives to GAAP-based financial metrics.

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