01—Abstract
Summary
Summary of the 8-K filed April 20, 2016. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. filed an 8-K on April 20, 2016, primarily to furnish a press release detailing its first-quarter 2016 financial results and to provide access to investor presentation materials.
The earnings release, dated April 20, 2016, covers the period ending March 31, 2016. The company also highlighted that certain business and financial information, including its 2016 outlook, would be available on its website for investor meetings.
02—Key points
Key Highlights
- United Rentals issued a press release on April 20, 2016, reporting its Q1 2016 financial results.
- The filing serves to furnish the Q1 2016 earnings press release as Exhibit 99.1.
- Additional investor presentation materials, including the 2016 outlook, are accessible via the company's website.
- The company emphasizes the use of non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Reconciliations for these non-GAAP measures to their nearest GAAP equivalents are provided.
- United Rentals believes these non-GAAP measures offer valuable insights into operating performance and future profitability.
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 publicly disclose United Rentals' financial results for the quarter ended March 31, 2016, through an attached press release and to make investor presentation materials, including the 2016 outlook, available on the company's website.
What non-GAAP financial measures does United Rentals highlight?
United Rentals highlights free cash flow, earnings before interest, taxes, depreciation, and amortization (EBITDA), adjusted EBITDA, and adjusted earnings per share (adjusted EPS) in its investor communications.
How does United Rentals define 'free cash flow'?
United Rentals defines free cash flow as net cash provided by operating activities, less purchases of rental and non-rental equipment, plus proceeds from sales of rental and non-rental equipment, and excess tax benefits from share-based payment arrangements.
Where can investors find more detailed financial information or outlook?
Investors can find more detailed financial information and the company's 2016 outlook on United Rentals' website (www.unitedrentals.com), where presentation materials are made available.
04—Continue