01—Abstract
Summary
Summary of the 8-K filed October 21, 2015. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- United Rentals filed an 8-K on October 21, 2015, reporting on its financial results for the quarter ended September 30, 2015.
- The filing includes a press release (Exhibit 99.1) containing the detailed financial results.
- The company is making additional business and financial information, including its 2015 outlook, available on its website.
- This supplemental information is presented in investor meeting materials.
- Key non-GAAP financial measures discussed include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Reconciliations of these non-GAAP measures to their nearest GAAP equivalents are provided.
- United Rentals believes these non-GAAP measures offer useful insights into operating performance and liquidity.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to officially report United Rentals' financial results for the quarter ended September 30, 2015, by furnishing a press release that contains this information.
Where can I find the actual financial results for the quarter?
The detailed financial results are contained within the press release filed as Exhibit 99.1 to this 8-K. Additionally, the company is making other financial information and its 2015 outlook available on its website, www.unitedrentals.com, through materials used in investor presentations.
What are the 'non-GAAP financial measures' mentioned, and why does the company highlight them?
The non-GAAP financial measures mentioned include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. United Rentals uses these measures because they believe they provide useful additional information about operating performance and liquidity, complementing the standard GAAP financial statements. However, they are not substitutes for GAAP measures like net income or cash flows from operations.
Does this filing contain forward-looking information or guidance for 2015?
Yes, the filing indicates that information concerning the company's 2015 outlook is available on its website, accessed through investor meeting and presentation materials. This would likely include forward-looking statements or guidance.
04—Continue