Summary
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.
Key Highlights
- 1United Rentals issued a press release on July 19, 2017, detailing its Q2 2017 financial results.
- 2The press release, reporting on the quarter ended June 30, 2017, is furnished as an exhibit (Exhibit 99.1).
- 3The company is providing updated 2017 outlook information for investors.
- 4This outlook and other financial information will be accessible on the United Rentals website (www.unitedrentals.com).
- 5The filing clarifies the definitions and use of non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 6United Rentals explains the rationale behind using these non-GAAP measures to provide additional insights into performance and cash flow.