01—Abstract
Summary
Summary of the 8-K filed July 19, 2017. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on July 19, 2017, to report its second-quarter 2017 financial results and provide updated business outlook information.
The key takeaway for investors is the issuance of a press release detailing the company's operational performance for the quarter ended June 30, 2017, which is furnished as an exhibit to this filing. This report also informs investors that additional information regarding financial results and the 2017 outlook will be available on the company's website for investor meetings and presentations. The filing also specifies several non-GAAP financial measures that United Rentals uses, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
The company provides definitions and rationales for why it believes these measures are useful for investors in understanding operational performance and cash generation. However, it explicitly states that these non-GAAP measures should not be considered as substitutes for GAAP-based metrics like net income or EPS.
02—Key points
Key Highlights
- United Rentals issued a press release on July 19, 2017, detailing its Q2 2017 financial results.
- The press release, reporting on the quarter ended June 30, 2017, is furnished as an exhibit (Exhibit 99.1).
- The company is providing updated 2017 outlook information for investors.
- This outlook and other financial information will be accessible on the United Rentals website (www.unitedrentals.com).
- The filing clarifies the definitions and use of non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- United Rentals explains the rationale behind using these non-GAAP measures to provide additional insights into performance and cash flow.
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 officially report United Rentals, Inc.'s financial results for the quarter ended June 30, 2017, through an accompanying press release and to inform investors about updated business outlook information to be presented at investor meetings.
What non-GAAP financial measures are discussed in the filing?
The filing discusses free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. These measures are used by the company to provide additional context on its operational performance and cash generation.
Where can I find the detailed financial results and outlook information?
The detailed financial results are in the press release furnished as Exhibit 99.1 to this 8-K filing. Further information regarding the company's business, financial results, and 2017 outlook will be available on the United Rentals website (www.unitedrentals.com) in connection with investor meetings and presentations.
Are the non-GAAP measures presented as replacements for GAAP metrics?
No, the filing explicitly states that these non-GAAP financial measures should not be considered as alternatives to GAAP measures such as net income, cash flows from operating activities, or earnings per share for indicating operating performance or liquidity.
04—Continue