Summary
United Rentals, Inc. (URI) filed an 8-K on July 17, 2012, primarily to report its second quarter 2012 financial results and to provide access to investor presentation materials. The press release for the quarter ended June 30, 2012, was furnished as an exhibit. Additionally, the company highlighted that certain business and financial outlook information, which would be used in upcoming investor meetings, is available on their website. These investor materials include non-GAAP financial measures such as free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS). The company provides definitions and reconciliations for these measures, explaining their belief that they offer useful insights into operating performance, growth, and profitability beyond traditional GAAP metrics. Investors should note that these non-GAAP measures are not substitutes for GAAP-based financial indicators.
Key Highlights
- 1United Rentals reported its financial results for the quarter ended June 30, 2012, via a press release furnished with the 8-K.
- 2The company made investor presentation materials available on its website, www.ur.com, which include information on business, financial results, and the 2012 outlook.
- 3These materials utilize non-GAAP financial measures including free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Detailed definitions and reconciliations for these non-GAAP measures to their nearest GAAP equivalents are provided.
- 5United Rentals believes these non-GAAP measures offer valuable insights into operating performance and profitability.
- 6The company emphasized that these non-GAAP measures should not be considered replacements for GAAP-based financial indicators like net income or EPS.