Summary
United Rentals, Inc. (URI) filed an 8-K on October 21, 2015, primarily to furnish a press release detailing its financial results for the quarter ended September 30, 2015. While specific financial figures from the press release are not included in the 8-K's text, the filing indicates that the company is providing an update on its operations and financial condition. Investors should note that this report also points to additional information available on the company's website, including a presentation used for investor meetings. This presentation contains key financial metrics and outlook for 2015, employing non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, along with reconciliations to GAAP figures. The company asserts that these non-GAAP measures offer valuable insights into performance and liquidity, though they should not be viewed as direct replacements for GAAP reporting.
Key Highlights
- 1United Rentals filed an 8-K on October 21, 2015, reporting on its financial results for the quarter ended September 30, 2015.
- 2The filing includes a press release (Exhibit 99.1) containing the detailed financial results.
- 3The company is making additional business and financial information, including its 2015 outlook, available on its website.
- 4This supplemental information is presented in investor meeting materials.
- 5Key non-GAAP financial measures discussed include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 6Reconciliations of these non-GAAP measures to their nearest GAAP equivalents are provided.
- 7United Rentals believes these non-GAAP measures offer useful insights into operating performance and liquidity.