01—Abstract
Summary
Summary of the 8-K filed October 16, 2019. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on October 16, 2019, reporting its third-quarter 2019 financial results.
The filing includes a press release detailing operational and financial performance for the quarter ended September 30, 2019. Additionally, the company is providing information regarding its business, financial results, and 2019 outlook, which is accessible on its website and intended for investor meetings. This information includes key non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company believes offer valuable insights into operational performance and profitability beyond GAAP metrics.
02—Key points
Key Highlights
- URI announced its Q3 2019 financial results via an 8-K filing on October 16, 2019.
- The company has made a press release detailing Q3 2019 results available as an exhibit.
- Investor presentation materials regarding business, financial results, and the 2019 outlook are accessible on the company's website.
- The filing emphasizes the use of non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- URI explains its rationale for using these non-GAAP measures, citing their ability to provide insights into operating performance, cash earnings, and profitability.
- Reconciliations between non-GAAP measures and their closest GAAP equivalents are included in the provided materials.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
This 8-K filing primarily serves to announce United Rentals, Inc.'s financial results for the quarter ended September 30, 2019, through an accompanying press release. It also informs investors about additional forward-looking information and presentations available on the company's website.
What non-GAAP financial measures does United Rentals highlight?
United Rentals highlights several non-GAAP financial measures, including free cash flow, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA, and adjusted earnings per share (adjusted EPS).
Why does United Rentals emphasize non-GAAP financial measures?
The company believes these non-GAAP measures provide useful additional information to investors by offering insights into operational performance, period-over-period growth, ongoing cash earnings, and future profitability, beyond what is presented in standard GAAP financial statements.
Where can investors find more detailed financial information and outlook?
Investors can access detailed information concerning United Rentals' business, financial results, and 2019 outlook on the company's official website at www.unitedrentals.com. This information is intended for use in investor meetings and presentations.
04—Continue