01—Abstract
Summary
Summary of the 8-K filed October 19, 2016. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on October 19, 2016, to report its third-quarter 2016 results and to provide updated investor presentation materials.
The press release detailing the Q3 2016 operational and financial performance is attached as an exhibit. Additionally, the company is making available on its website certain information and financial outlook for 2016, which will be used in investor meetings.
Investors should note the use of several non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company believes offer valuable insights into its operating performance and cash generation capabilities. Reconciliations to GAAP measures are provided, and the company emphasizes that these non-GAAP metrics should be considered alongside, not as replacements for, GAAP financial statements.
02—Key points
Key Highlights
- United Rentals reported its third-quarter 2016 financial and operational results via a press release filed with the 8-K.
- The company is providing an updated 2016 business, financial results, and outlook to investors through materials posted on its website.
- Several key non-GAAP financial measures are being utilized and presented: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- The company believes these non-GAAP measures provide enhanced insight into operating performance, growth trends, and cash earnings.
- Reconciliations between the non-GAAP measures and their nearest GAAP equivalents are included in the furnished materials.
- The press release detailing Q3 2016 results is available as an exhibit to this 8-K filing.
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 report United Rentals' financial results for the quarter ended September 30, 2016, through an attached press release, and to disclose updated investor presentation materials that include the company's business, financial results, and 2016 outlook.
What non-GAAP financial measures is United Rentals emphasizing?
United Rentals is emphasizing free cash flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS) in its investor communications and disclosures.
Why does United Rentals use non-GAAP financial measures?
The company believes these non-GAAP measures provide useful additional information concerning its operating performance, period-over-period growth, cash earnings available for investments and debt servicing, and future profitability, offering insights beyond traditional GAAP metrics.
Where can I find the detailed Q3 2016 results?
The detailed Q3 2016 results are available in the press release attached as Exhibit 99.1 to this 8-K filing. Additionally, updated investor presentation materials with further information are accessible on the company's website, www.unitedrentals.com.
04—Continue