Summary
United Rentals, Inc. (URI) filed an 8-K on April 16, 2014, to report its first-quarter 2014 financial results, which were released on April 15, 2014. The filing includes a press release detailing the company's operational and financial condition for the quarter ended March 31, 2014. Additionally, the company is making available information on its website related to its business, financial results, and 2014 outlook, intended for investor meetings and presentations. Investors should note that the company is presenting several non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. While URI believes these measures provide useful insights into performance and liquidity, they should be considered alongside GAAP measures like net income and EPS. Reconciliations for these non-GAAP figures to their nearest GAAP equivalents are provided.
Key Highlights
- 1United Rentals reported its Q1 2014 financial results on April 16, 2014, via an 8-K filing.
- 2The filing includes a press release detailing the company's operational and financial performance for the quarter ended March 31, 2014.
- 3Additional investor presentation materials regarding business, financial results, and the 2014 outlook are available on the company's website.
- 4The company is utilizing and providing definitions for several non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 5These non-GAAP measures are presented to offer further insight into operating performance and liquidity.
- 6Reconciliations of non-GAAP measures to their most comparable GAAP measures are included in the supplemental information.