01—Abstract
Summary
Summary of the 8-K filed October 29, 2009. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on October 28, 2009, to report its financial results for the quarter ended September 30, 2009.
The filing primarily serves to furnish a press release detailing these results, which is included as an exhibit. Additionally, the company is making certain business and financial information, along with its 2009 outlook, available on its website for investor presentations. Investors should note that the company is presenting certain non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
While URI believes these measures offer useful insights into operational performance and future profitability, it explicitly states they should not be considered alternatives to GAAP measures like net income or cash flow from operations. The press release and website presentation are key resources for understanding the company's performance and forward-looking statements.
02—Key points
Key Highlights
- United Rentals, Inc. reported its third-quarter 2009 financial results on October 28, 2009, via an 8-K filing.
- The 8-K filing includes a press release (Exhibit 99.1) that details the company's operational and financial performance for the quarter ended September 30, 2009.
- The company is also providing additional business, financial results, and 2009 outlook information on its website (www.ur.com) for investor meetings and presentations.
- URI is utilizing and explaining several non-GAAP financial measures in its disclosures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- The company explicitly defines these non-GAAP measures and provides reconciliations to their GAAP counterparts.
- URI emphasizes that while these non-GAAP measures are considered useful, they are not replacements for traditional GAAP financial metrics such as net income or EPS.
- The filing indicates the ongoing engagement with investors through presentations and the use of various communication channels to disseminate financial information.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to officially report United Rentals, Inc.'s financial results for the quarter ended September 30, 2009, by furnishing a press release as an exhibit. It also informs investors about where to find additional forward-looking information and presentations on the company's website.
What are the key non-GAAP financial measures discussed in this filing?
The key non-GAAP financial measures discussed are free cash flow, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), adjusted EBITDA, and adjusted EPS (Earnings Per Share). The company provides definitions and reconciliations for these measures.
Why does United Rentals use non-GAAP financial measures?
United Rentals uses these non-GAAP measures because it believes they provide useful additional information regarding its operational performance, period-over-period growth, future profitability, and cash flow available for debt service and working capital, supplementing traditional GAAP reporting.
Where can I find the detailed financial results for the quarter?
The detailed financial results for the quarter ended September 30, 2009, are provided in the press release, which is included as Exhibit 99.1 to this 8-K filing. Additional information and the 2009 outlook can also be found on the company's website, www.ur.com.
04—Continue