01—Abstract
Summary
Summary of the 8-K filed April 17, 2019. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on April 17, 2019, primarily to furnish a press release detailing its financial and operational results for the first quarter ended March 31, 2019.
The report also disclosed that updated business and financial outlook information, intended for investor meetings, is available on the company's website. This investor-focused information includes key non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, with reconciliations to their GAAP counterparts provided. Investors should note that while the company utilizes these non-GAAP metrics to provide insights into operating performance, profitability, and cash flow generation, they are presented as supplemental information.
The press release itself, which is an exhibit to this 8-K, contains the detailed financial results and outlook that are crucial for understanding the company's performance and future expectations. Investors are encouraged to review the press release and the company's website for a comprehensive understanding.
02—Key points
Key Highlights
- URI furnished its Q1 2019 earnings press release via an 8-K filing on April 17, 2019.
- The filing includes information on the company's financial results for the quarter ended March 31, 2019.
- An updated 2019 business and financial outlook is accessible on United Rentals' website.
- The company highlighted key non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Reconciliations from non-GAAP to GAAP financial measures are provided for clarity.
- URI believes these non-GAAP measures offer valuable insights into operating performance and cash flow.
- The press release (Exhibit 99.1) is the primary source of detailed financial results and outlook.
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 officially provide the company's press release detailing its financial results for the first quarter ended March 31, 2019. It also directs investors to the company's website for updated business and financial outlook information.
Which non-GAAP financial measures does United Rentals emphasize?
United Rentals emphasizes free cash flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS). These measures are presented to offer investors a better understanding of the company's operating performance and cash flow generation.
Where can I find the detailed Q1 2019 financial results and the 2019 outlook?
The detailed Q1 2019 financial results are available in the press release furnished as Exhibit 99.1 to this 8-K filing. Updated information regarding the company's 2019 business and financial outlook can be found on United Rentals' official website, www.unitedrentals.com.
Are the non-GAAP measures presented in the filing considered GAAP measures?
No, the non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS are not considered GAAP measures. The company provides reconciliations to the nearest GAAP financial measures, and states that these non-GAAP measures should not be used as alternatives to GAAP indicators of performance or liquidity.
04—Continue