Summary
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.
Key Highlights
- 1United Rentals reported its third-quarter 2016 financial and operational results via a press release filed with the 8-K.
- 2The company is providing an updated 2016 business, financial results, and outlook to investors through materials posted on its website.
- 3Several key non-GAAP financial measures are being utilized and presented: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4The company believes these non-GAAP measures provide enhanced insight into operating performance, growth trends, and cash earnings.
- 5Reconciliations between the non-GAAP measures and their nearest GAAP equivalents are included in the furnished materials.
- 6The press release detailing Q3 2016 results is available as an exhibit to this 8-K filing.