Summary
United Rentals, Inc. (URI) filed an 8-K report on July 20, 2010, primarily to announce its financial results for the quarter ended June 30, 2010. The company issued a press release detailing these results, which is included as an exhibit to this filing. Additionally, the report disclosed that certain information regarding the company's business, financial performance, and 2010 outlook would be available on its website for investor meetings. Investors should note that the company provided non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. While these measures are presented as useful indicators of operating performance and future profitability, they should be considered alongside GAAP measures. The filing directs investors to the company's website for detailed reconciliations of these non-GAAP measures to their GAAP equivalents.
Key Highlights
- 1Disclosure of Q2 2010 financial results via press release (Exhibit 99.1).
- 2Information on business, financial results, and 2010 outlook made available on the company website for investor presentations.
- 3Inclusion of non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Definition and rationale for using non-GAAP measures provided.
- 5Reconciliations of non-GAAP to GAAP measures are available on the company's website.
- 6Emphasis on the importance of free cash flow for debt service and working capital.
- 7Presentation of EBITDA and adjusted EBITDA for assessing operating performance and growth.