Summary
United Rentals, Inc. (URI) filed an 8-K on April 28, 2021, to report its first-quarter 2021 financial results and provide an updated 2021 outlook. The filing includes a press release detailing the company's performance for the quarter ended March 31, 2021, and references supplemental information available on their website concerning business, financial results, and outlook. This supplemental information utilizes non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company believes offer useful insights into operating performance and profitability trends. Investors should note that the company is providing updated guidance and performance metrics. While these non-GAAP measures are presented to enhance understanding of underlying operational trends and cash generation capabilities, it's crucial for investors to also consider the provided GAAP financial statements and reconcile these non-GAAP figures to their nearest GAAP equivalents as presented by the company. The focus of this report is on the release of Q1 2021 results and forward-looking information pertinent to investor meetings.
Key Highlights
- 1United Rentals reported its Q1 2021 financial results on April 28, 2021, via an 8-K filing.
- 2The filing includes a press release detailing the company's operational and financial performance for the quarter ending March 31, 2021.
- 3Supplemental information regarding the company's business, financial results, and 2021 outlook is available on the URI website.
- 4The company is using non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS in its investor communications.
- 5These non-GAAP measures are provided to offer additional insights into operating performance and trends, according to the company.
- 6Reconciliations of these non-GAAP measures to their nearest GAAP equivalents are included by the company.
- 7The 8-K serves as notification for the release of Q1 2021 earnings and forward-looking statements.