01—Abstract
Summary
Summary of the 8-K filed April 16, 2014. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- United Rentals reported its Q1 2014 financial results on April 16, 2014, via an 8-K filing.
- The filing includes a press release detailing the company's operational and financial performance for the quarter ended March 31, 2014.
- Additional investor presentation materials regarding business, financial results, and the 2014 outlook are available on the company's website.
- The company is utilizing and providing definitions for several non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- These non-GAAP measures are presented to offer further insight into operating performance and liquidity.
- Reconciliations of non-GAAP measures to their most comparable GAAP measures are included in the supplemental information.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report United Rentals' financial results for the quarter ended March 31, 2014, which were publicly released on April 15, 2014. It also serves to disclose that additional investor presentation materials are available on the company's website.
What non-GAAP financial measures is United Rentals using?
United Rentals is using and providing information on free cash flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS).
Why does United Rentals provide non-GAAP financial measures?
United Rentals believes these non-GAAP measures offer useful additional information about its operating performance and cash flow available for debt service and working capital, which can aid investors in understanding the company's financial condition and growth trends. However, they are not intended to replace GAAP measures.
Where can I find more detailed financial information or an outlook for 2014?
The company states that certain information concerning its business, financial results, and 2014 outlook can be accessed on its website, www.unitedrentals.com, through investor presentation materials.
04—Continue