01—Abstract
Summary
Summary of the 8-K filed July 18, 2012. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- United Rentals reported its financial results for the quarter ended June 30, 2012, via a press release furnished with the 8-K.
- The company made investor presentation materials available on its website, www.ur.com, which include information on business, financial results, and the 2012 outlook.
- These materials utilize non-GAAP financial measures including free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Detailed definitions and reconciliations for these non-GAAP measures to their nearest GAAP equivalents are provided.
- United Rentals believes these non-GAAP measures offer valuable insights into operating performance and profitability.
- The company emphasized that these non-GAAP measures should not be considered replacements for GAAP-based financial indicators like net income or EPS.
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, Inc.'s financial results for the quarter ended June 30, 2012, via an attached press release, and to provide access to investor presentation materials containing forward-looking information and non-GAAP financial measures.
What non-GAAP financial measures are being highlighted by United Rentals?
United Rentals is highlighting free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS) in its investor materials. These measures are presented as supplemental information to GAAP metrics.
Where can investors find more detailed information about the financial results and outlook?
Investors can access detailed information about United Rentals' business, financial results, and 2012 outlook, including the non-GAAP measures, on the company's website at www.ur.com. The press release reporting the quarterly results is also furnished as part of this 8-K.
Why does United Rentals use non-GAAP financial measures?
United Rentals uses non-GAAP financial measures because they believe these metrics provide useful additional information concerning their operating performance, growth, and profitability. They offer perspectives that complement traditional GAAP financial statements.
04—Continue