01—Abstract
Summary
Summary of the 8-K filed July 30, 2009. Cited figures are marked; the original filing is the authoritative source.
This Form 8-K filed by United Rentals, Inc. on July 29, 2009, primarily serves to announce the company's financial results for the quarter ended June 30, 2009, through an accompanying press release (Exhibit 99.1).
Additionally, the filing indicates that management will be using certain information concerning business performance, financial results, and the 2009 outlook in upcoming investor meetings and presentations. This information is available on the company's website.
The company also provided definitions and explanations for several non-GAAP financial measures that will be used, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. These measures are presented as useful indicators of operating performance and cash availability, though investors are cautioned to consider them alongside GAAP measures.
02—Key points
Key Highlights
- United Rentals, Inc. released its financial results for the quarter ended June 30, 2009.
- The company is furnishing a press release detailing these results as Exhibit 99.1.
- Investor meeting and presentation materials, including business and financial outlook for 2009, are accessible on the company's website.
- The filing clarifies the definitions of key non-GAAP financial measures used by the company: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- United Rentals explains the rationale behind using these non-GAAP measures, citing their usefulness for assessing operating performance and cash flow.
- Reconciliations between non-GAAP measures and their nearest GAAP equivalents are included in the supplemental information.
- The company emphasizes that these non-GAAP measures should not be considered substitutes for GAAP measures like net income or EPS.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to publicly disseminate United Rentals, Inc.'s financial results for the quarter ended June 30, 2009, through an attached press release. It also informs investors about supplementary materials being used in investor presentations.
Where can I find the detailed financial results for the second quarter of 2009?
The detailed financial results for the quarter ended June 30, 2009, are provided in the press release filed as Exhibit 99.1 with this Form 8-K. Additionally, related information for investor meetings is available on the company's website (www.ur.com).
What are the non-GAAP financial measures mentioned, and why is the company using them?
The non-GAAP financial measures mentioned are free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. United Rentals uses these measures because they believe they provide useful insights into operating performance, period-over-period growth, and cash availability that may not be as apparent when looking solely at GAAP measures.
Are there any specific financial performance indicators that investors should pay close attention to in this report?
Investors should review the press release (Exhibit 99.1) for the specific financial results for the second quarter of 2009. They should also consider the non-GAAP metrics provided, such as free cash flow and EBITDA, as the company highlights their importance for understanding operational performance, while also advising them not to be used as sole indicators of financial health.
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