Summary
United Rentals, Inc. (URI) filed an 8-K on January 23, 2019, to report its financial and operational results for the quarter and year ended December 31, 2018. The filing includes a press release detailing these results and also references supplemental information available on the company's website. This supplemental material, to be used in investor presentations, provides further insights into the company's performance and outlook, including 2019 guidance. Of particular interest to investors, the company is providing non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. These metrics are presented to offer a clearer view of operating performance, cash generation capabilities, and underlying profitability, especially in light of recent business activities like mergers and acquisitions. The company emphasizes that while these non-GAAP measures are useful for analysis, they should be considered alongside traditional GAAP metrics.
Key Highlights
- 1Company reported financial results for the quarter and year ended December 31, 2018, via press release (Exhibit 99.1).
- 2Supplemental investor presentation materials are available on the company's website, detailing business, financial results, and 2019 outlook.
- 3Presentation includes non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Company asserts these non-GAAP measures provide useful insights into operating performance and cash generation.
- 5Reconciliations of non-GAAP measures to their nearest GAAP equivalents are provided in the supplemental materials.
- 6Information furnished in the 8-K is intended for investor meetings and presentations.
- 7The filing indicates that the provided information will be maintained on the website until superseded by more current information.