01—Abstract
Summary
Summary of the 8-K filed July 17, 2019. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on July 17, 2019, to report its second-quarter 2019 financial results via a press release.
The filing also disclosed that additional business and financial outlook information, used for investor meetings, is available on the company's website. Investors should note that the company is providing non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
While United Rentals believes these measures offer useful insights into operational performance and cash generation, they should not be considered replacements for GAAP metrics like net income or EPS. The press release, furnished as an exhibit, contains detailed financial performance data and reconciliations for these non-GAAP figures.
02—Key points
Key Highlights
- Disclosure of Q2 2019 financial results via press release filed on July 17, 2019.
- Company is providing additional business and financial outlook information on its website for investor presentations.
- Key non-GAAP financial measures presented include free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- United Rentals asserts that these non-GAAP measures provide valuable insights into operational performance and cash availability.
- Reconciliations of non-GAAP measures to their nearest GAAP equivalents are included in the furnished materials.
- The 8-K filing includes a press release (Exhibit 99.1) detailing the financial results.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to publicly disclose United Rentals' financial results for the quarter ended June 30, 2019, through a press release and to inform investors that additional presentation materials are available on the company's website.
What are the key non-GAAP financial measures discussed in the filing?
The key non-GAAP financial measures discussed are free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. These are used to provide additional insights into the company's operating performance and profitability.
Where can investors find more detailed financial information and outlook?
Investors can find more detailed financial information, including reconciliations of non-GAAP measures, within the press release furnished as Exhibit 99.1. Additional business and financial outlook information for investor presentations is available on the United Rentals website (www.unitedrentals.com).
How should investors interpret the non-GAAP financial measures presented?
United Rentals believes these non-GAAP measures offer useful supplementary information regarding their business. However, investors should consider these measures alongside, and not as a substitute for, GAAP financial metrics like net income, operating cash flow, and EPS when evaluating the company's performance and financial health.
04—Continue