Summary
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.
Key Highlights
- 1United Rentals, Inc. released its financial results for the quarter ended June 30, 2009.
- 2The company is furnishing a press release detailing these results as Exhibit 99.1.
- 3Investor meeting and presentation materials, including business and financial outlook for 2009, are accessible on the company's website.
- 4The filing clarifies the definitions of key non-GAAP financial measures used by the company: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 5United Rentals explains the rationale behind using these non-GAAP measures, citing their usefulness for assessing operating performance and cash flow.
- 6Reconciliations between non-GAAP measures and their nearest GAAP equivalents are included in the supplemental information.
- 7The company emphasizes that these non-GAAP measures should not be considered substitutes for GAAP measures like net income or EPS.