Summary
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.
Key Highlights
- 1The 8-K filing includes a press release detailing United Rentals' results for the quarter ended June 30, 2016.
- 2The company is also making available an updated 2016 outlook and other business/financial information on its website.
- 3Key non-GAAP financial measures discussed include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Detailed definitions and reconciliations for these non-GAAP measures to their GAAP equivalents are provided.
- 5United Rentals emphasizes the utility of these non-GAAP measures for understanding operating performance, cash flow generation, and profitability trends.
- 6The filing indicates that the provided information is intended for investor meetings and presentations.