01—Abstract
Summary
Summary of the 8-K filed April 19, 2011. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on April 19, 2011, to report its financial results for the quarter ended March 31, 2011, via a press release (Exhibit 99.1).
Additionally, the company disclosed information about its business, financial results, and 2011 outlook that would be used in investor meetings, accessible on their website. The disclosed information includes non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. The company defines these measures and emphasizes their utility in providing insights into operating performance, cash flow availability, and future profitability, while also noting they should not be considered replacements for GAAP measures like net income or EPS.
02—Key points
Key Highlights
- Disclosure of Q1 2011 financial results via press release.
- Company is furnishing investor presentation materials on its website.
- Presentation covers business, financial results, and 2011 outlook.
- Key non-GAAP financial measures disclosed: Free Cash Flow, EBITDA, Adjusted EBITDA, and Adjusted EPS.
- Company provides definitions and reconciliations for non-GAAP measures.
- Management believes these non-GAAP measures offer valuable insights into performance and liquidity.
- Cautionary note that non-GAAP measures are not substitutes for GAAP metrics.
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 March 31, 2011, through an accompanying press release. It also serves to disclose investor presentation materials that provide further detail on the company's business, financial condition, and 2011 outlook.
What non-GAAP financial measures does United Rentals highlight?
United Rentals highlights several non-GAAP financial measures, including Free Cash Flow, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), Adjusted EBITDA, and Adjusted Earnings Per Share (EPS). The company provides specific definitions and reconciliations for these measures.
Why does the company provide non-GAAP financial measures?
The company believes these non-GAAP measures offer useful additional information for investors. Free cash flow is presented to show cash available for debt and working capital, while EBITDA and adjusted EBITDA are used to provide insights into operating performance and growth. Adjusted EPS is provided to give a view of future profitability.
Where can investors find the detailed financial results and outlook information?
Investors can access the press release containing the Q1 2011 results as Exhibit 99.1 to this 8-K filing. Further information regarding the company's business, financial results, and 2011 outlook, used in investor presentations, is available on United Rentals' website (www.ur.com).
04—Continue