Summary
This 8-K filing from United Rentals, Inc. (URI) on April 17, 2013, primarily serves to announce the release of their first-quarter 2013 financial results and to provide access to investor presentation materials. The company is furnishing a press release detailing their operational and financial performance for the quarter ended March 31, 2013, and is also making available certain business, financial results, and 2013 outlook information on their website. Investors should note the inclusion and definitions of several non-GAAP financial measures, such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company uses to provide additional context on performance and profitability. These non-GAAP measures are presented alongside reconciliations to their GAAP equivalents.
Key Highlights
- 1United Rentals, Inc. (URI) filed an 8-K on April 17, 2013, reporting on its Q1 2013 results.
- 2The filing includes a press release detailing the company's financial and operational performance for the quarter ended March 31, 2013.
- 3Additional investor presentation materials, including business overview, financial results, and 2013 outlook, are available on the company's website (www.ur.com).
- 4The company is utilizing and defining several non-GAAP financial measures: free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 5Detailed definitions and reconciliations to GAAP measures for these non-GAAP metrics are provided, emphasizing their use as supplemental information.
- 6Free cash (usage) flow is defined as net cash from operations less equipment purchases plus equipment sales.
- 7EBITDA, adjusted EBITDA, and adjusted EPS provide insights into operating performance and profitability, accounting for merger-related costs and other adjustments.