Herc Holdings Inc. (NYSE:HRI) Q3 2016 Earnings Conference Call - Preliminary Transcript

Nov 08, 2016 • 08:30 am ET


Herc Holdings Inc. (NYSE:HRI) Q3 2016 Earnings Conference Call - Preliminary Transcript


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Good day, and welcome to the Herc Holdings Third quarter 2016 Earnings Conference call. All participants will be in listen only mode. [Operator Instructions]. Please note this event is being recorded.I would now like to turn the conference over to Elizabeth Higashi, Vice President of Investor Relations. Please go ahead.

Elizabeth Higashi

Thank you, Allison. And good morning, everyone. This is Elizabeth Higashi, Vice President of Investor Relations. I'd like to welcome everyone to our third quarter earnings conference call. You should have seen the release that went out this morning along with the slides which are available on our website.This morning, I'm joined by Larry Silber, our President and Chief Executive Officer; Barbara Brasier, our Senior Vice President and Chief Financial Officer, who will comment on the quarter and year to date as well as the industry outlook and our guidance. The prepared remarks will follow by an open Q&A, which will also include Bruce Dressel, Senior Vice President and Chief Operating Officer.

Before I turn the call over to Larry and Barb, there are a few items I'd like to cover. First today's conference call include forward-looking statements. These statements are based on the environment as we see it today, and therefore involve risks and uncertainties. I would caution you that our actual results could differ materially from the forward looking statements made on this call. Please refer to the slides 3 through 6 of the presentation for our complete safe harbor statement.

The risk factors section of our of our second quarter 10-Q, which was filed with the Securities and Exchange Commission on August 9 2016 contains additional information about risks and uncertainties that could impact our business. You can access a copy of the second quarter 10-Q by visiting the investors section of our website at ir.hercrentals.com or through the SE C's @sec.gov.

On a related matter, we expect to file our third quarter form 10-Q today. When filed the 10-Q can also be accessed through either website. In addition to the financial results presented on a GAAP basis, we will be discussing non-GAAP information that we believe is useful in evaluating the company's operating performance. Reconciliations for these non-GAAP measures to the closest gap equivalent can be found that the conference call materials, which refers to the SEC with our form 8-K this morning and are posted on the industry section of our website @ir.hercrentals.com.

Finally, a replay of this call can be accessed via dial-in or through a webcast on our website. Replay instructions were included in our release release this morning. We have not given permission for any other recordings of this call and do not approve or sanction any transcribing of the call.

This concludes my comments. I'll turn the call over to Larry.

Larry Silber

Thank you, Elizabeth. and good morning, everyone. Welcome to our third quarter call. This is our first quarter as a standalone public company since we separated from Hertz and listed on the New York Stock Exchange on July 1. I'm pleased