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UNITED RENTALS, INC. 8-K Report, Financial Results (Apr 18, 2018)

Reports
Earnings & Results·Regulation FD·Other Events+1
Filing Date
Filed April 18, 2018
Period End
April 18, 2018
Security
URI
In the record · 2016–202610-K1110-Q328-K170

URI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 170 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jun ’17Jun ’17
  2. Leadership change8-K · Sep ’20Sep ’20
  3. Deal closed8-K · Dec ’22Dec ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed April 18, 2018. Cited figures are marked; the original filing is the authoritative source.

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 billiona 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.

02—Key points

Key Highlights

  1. United Rentals announced its Q1 2018 results of operations via a press release.
  2. A new $1.25 billion share repurchase program was authorized.
  3. The new share repurchase program will begin after the current $1 billion program is completed.
  4. The company anticipates completing the new share repurchase program by the end of 2019.
  5. Investor presentations with 2018 outlook and financial performance details are available on the company's website.
  6. The company utilizes and explains non-GAAP financial measures like free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS in its investor communications.

03—Questions

Frequently Asked Questions

  1. What are the key financial updates from this 8-K filing?

    This 8-K filing primarily serves to furnish United Rentals' press release detailing its results of operations for the quarter ended March 31, 2018. It also announces a new $1.25 billion share repurchase program.

  2. What is the significance of the new share repurchase program?

    The new $1.25 billion share repurchase program signals the company's confidence in its financial position and its commitment to returning value to shareholders. It is expected to commence after the existing $1 billion program concludes and should be completed by the end of 2019, indicating a sustained focus on capital allocation to share buybacks.

  3. Where can investors find more detailed financial information and outlook?

    Investors can access detailed information concerning United Rentals' business, financial results, and 2018 outlook on the company's website, www.unitedrentals.com, where presentations used in investor meetings are made available.

  4. What non-GAAP financial measures does United Rentals highlight?

    United Rentals highlights several non-GAAP financial measures in its investor communications, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. The company provides these measures to offer further insights into operating performance and cash generation, alongside their GAAP counterparts.

04—Continue

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