Summary
United Rentals, Inc. (URI) filed an 8-K on April 18, 2018, primarily to announce its first-quarter 2018 financial results and a significant new share repurchase program. The company reported its results of operations for the quarter ended March 31, 2018, via a press release furnished with the filing. Additionally, URI unveiled a new $1.25 billion share repurchase program, set to commence upon the completion of its existing $1 billion program and expected to be completed by the end of 2019. Investors should note that the company also made available presentations on its website containing information on its business, financial results, and 2018 outlook. These presentations include non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, with reconciliations provided. Management believes these measures offer valuable insights into the company's performance and cash generation capabilities.
Key Highlights
- 1United Rentals announced its Q1 2018 results of operations via a press release.
- 2A new $1.25 billion share repurchase program was authorized.
- 3The new share repurchase program will begin after the current $1 billion program is completed.
- 4The company anticipates completing the new share repurchase program by the end of 2019.
- 5Investor presentations with 2018 outlook and financial performance details are available on the company's website.
- 6The company utilizes and explains non-GAAP financial measures like free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS in its investor communications.