01—Abstract
Summary
Summary of the 8-K filed October 19, 2011. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on October 19, 2011, to report its third-quarter 2011 financial results, which were released on October 18, 2011.
The filing also provided access to investor presentation materials on the company's website, including non-GAAP financial measures. Investors should note that the company is furnishing a press release and making available investor presentation materials that contain financial metrics such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
While the company believes these non-GAAP measures offer valuable insights into operating performance and liquidity, they should be considered in conjunction with, and not as a substitute for, GAAP-based financial results. The specific details of the Q3 2011 results were not directly in the 8-K text but were provided via an attached press release (Exhibit 99.1).
02—Key points
Key Highlights
- United Rentals issued an 8-K on October 19, 2011, to report Q3 2011 financial results.
- The results were officially released via a press release on October 18, 2011 (Exhibit 99.1).
- The company is providing investor presentation materials on its website (www.ur.com).
- These materials include non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- The company defines these non-GAAP measures and provides reconciliations to GAAP.
- United Rentals believes these non-GAAP measures offer useful insights into performance and liquidity.
- Investors are advised to consider these non-GAAP measures alongside GAAP results.
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 report United Rentals' financial results for the quarter ended September 30, 2011, and to provide investors with access to presentation materials that will be used in investor meetings. The specific financial results were detailed in a press release furnished with the filing.
What non-GAAP financial measures are being highlighted?
The filing mentions several non-GAAP financial measures, including free cash flow, EBITDA (earnings before interest, taxes, depreciation, and amortization), adjusted EBITDA, and adjusted earnings per share (adjusted EPS). The company provides definitions and reconciliations for these measures.
Why does the company provide non-GAAP financial measures?
United Rentals believes these non-GAAP measures provide useful additional information about the company's operating performance, period-over-period growth, future profitability, and cash flow available for debt service and working capital. However, they are intended to supplement, not replace, GAAP-based financial measures.
Where can I find the detailed Q3 2011 financial results?
The detailed Q3 2011 financial results are primarily available in the press release (Exhibit 99.1) that was furnished with this 8-K filing. Additionally, investor presentation materials containing financial information are accessible on the company's website at www.ur.com.
04—Continue