01—Abstract
Summary
Summary of the 8-K filed July 18, 2018. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on July 18, 2018, primarily to disclose its second-quarter 2018 financial results and provide updated business outlook information.
The press release, furnished as an exhibit, details the company's operational and financial performance for the quarter ended June 30, 2018. Investors should note the company's use of non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which are defined and reconciled to their GAAP equivalents within the provided investor presentation materials.
The company is making certain information concerning its business, financial results, and 2018 outlook available on its website for investor meetings. This includes detailed explanations and reconciliations of its non-GAAP metrics, which United Rentals believes offer valuable insights into operating performance, cash earnings, and future profitability, serving as complements to GAAP-based reporting for investors.
02—Key points
Key Highlights
- Disclosure of second-quarter 2018 financial results via press release.
- Furnished press release as Exhibit 99.1 to the 8-K filing.
- Information regarding business, financial results, and 2018 outlook made available on the company website.
- Emphasis on non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Detailed definitions and reconciliations of non-GAAP measures provided.
- Company's rationale for using non-GAAP measures to provide insights into operating performance and cash flow.
- Information to be maintained on the company website until superseded or no longer in use for investor presentations.
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 report United Rentals, Inc.'s financial results for the quarter ended June 30, 2018, through a furnished press release, and to make other business and outlook information available to investors via their website.
What non-GAAP financial measures does United Rentals emphasize in this filing?
United Rentals emphasizes free cash flow, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA, and adjusted earnings per share (adjusted EPS).
Why does United Rentals use non-GAAP financial measures?
The company believes these non-GAAP measures provide useful additional information concerning cash flow, operating performance, period-over-period growth, ongoing cash earnings, and future profitability, offering insights that complement traditional GAAP reporting.
Where can investors find the detailed financial results and outlook information?
The detailed financial results are in the press release furnished as Exhibit 99.1. Additional information on business, financial results, and the 2018 outlook, including reconciliations of non-GAAP measures, is available on United Rentals' website at www.unitedrentals.com.
04—Continue