Summary
United Rentals, Inc. (URI) filed an 8-K on January 27, 2016, to report its financial results for the quarter and year ended December 31, 2015, via a press release furnished as Exhibit 99.1. Additionally, the company announced that information regarding its business, financial results, and 2016 outlook, intended for investor meetings, is available on its website. The company also provided definitions and rationale for using several non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. URI believes these measures offer valuable insights into operating performance, cash flow, and profitability beyond traditional GAAP metrics, enabling investors to better assess the company's performance and financial health.
Key Highlights
- 1United Rentals (URI) released its Q4 and full-year 2015 financial results on January 27, 2016, via an 8-K filing.
- 2The filing includes a press release with detailed financial performance for the period ending December 31, 2015.
- 3URI is making additional business and financial outlook information for 2016 available on its corporate website.
- 4The company emphasizes the use of non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 5URI provides justifications for using these non-GAAP measures, stating they offer useful insights into operating performance and cash flow.
- 6Reconciliations of these non-GAAP measures to their nearest GAAP equivalents are included in the supplemental information.