01—Abstract
Summary
Summary of the 8-K filed July 20, 2016. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on July 19, 2016, reporting its second-quarter 2016 financial results and providing an updated 2016 outlook.
The filing primarily consists of a press release detailing these results and a presentation of information to be used in investor meetings. Investors should note that the company is furnishing non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. While the company believes these measures offer valuable insights into performance and liquidity, they should be considered alongside, and not as a substitute for, GAAP-compliant figures.
02—Key points
Key Highlights
- The 8-K filing includes a press release detailing United Rentals' results for the quarter ended June 30, 2016.
- The company is also making available an updated 2016 outlook and other business/financial information on its website.
- Key non-GAAP financial measures discussed include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Detailed definitions and reconciliations for these non-GAAP measures to their GAAP equivalents are provided.
- United Rentals emphasizes the utility of these non-GAAP measures for understanding operating performance, cash flow generation, and profitability trends.
- The filing indicates that the provided information is intended for investor meetings and presentations.
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 announce and provide details on United Rentals' financial results for the quarter ended June 30, 2016, and to furnish an updated 2016 outlook and related investor presentation materials.
What are the key non-GAAP financial measures that United Rentals is highlighting?
United Rentals is highlighting free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. The company provides specific definitions for each of these measures.
Why does United Rentals use non-GAAP financial measures?
United Rentals uses these non-GAAP measures because it believes they provide useful additional information to investors regarding operating performance, period-over-period growth, ongoing cash earnings, and future profitability, helping investors understand trends that impact the business.
Where can investors find more detailed financial information?
Investors can find the press release detailing the quarterly results and other presentation materials on United Rentals' website (www.unitedrentals.com). These materials include reconciliations of the non-GAAP measures to their nearest GAAP equivalents.
04—Continue