Summary
United Rentals, Inc. (URI) filed an 8-K on October 17, 2012, to report its financial results for the quarter ended September 30, 2012, via an attached press release (Exhibit 99.1). The filing also indicated that additional business and financial information, including a 2012 outlook, would be available on the company's website for investor meetings. Notably, the company detailed several non-GAAP financial measures used in its presentations, including free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS. These measures are presented with reconciliations to GAAP, and the company asserts their usefulness in providing insights into operating performance, growth, and profitability, while acknowledging they are not direct substitutes for GAAP measures. Investors should review the press release for specific financial performance details and the company's website for further forward-looking information.
Key Highlights
- 1United Rentals (URI) filed an 8-K on October 17, 2012, reporting Q3 2012 financial results via an attached press release.
- 2The filing provides details on the company's use of non-GAAP financial measures: free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 3URI emphasizes the utility of these non-GAAP measures for understanding operating performance and profitability, providing reconciliations to GAAP.
- 4Additional business and financial information, including the 2012 outlook, is available on the company's website for investor presentations.
- 5The company views free cash (usage) flow as a measure of cash available for debt obligations and working capital.
- 6EBITDA and adjusted EBITDA are presented as indicators of operating performance and growth.
- 7Adjusted EPS is offered as a metric for future profitability insights.