Herc Holdings Inc. (NYSE:HRI) Q4 2017 Earnings Conference Call - Preliminary Transcript

Feb 28, 2018 • 08:30 am ET


Herc Holdings Inc. (NYSE:HRI) Q4 2017 Earnings Conference Call - Preliminary Transcript


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Good day, and welcome to the Herc Holdings coatings Inc, Fourth Quarter and Fiscal Year 2017 Earnings Conference Call. All participants will be in listen only mode. [Operator Instructions] After today's presentation there will be an opportunity to ask questions. [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 M. Higashi

Thank you, and good morning everyone. I'd like to welcome everyone to our fourth quarter and full year 2017 earnings conference call. Our press release and presentation Slides went out this morning, and both are posted on the events page of our IR website at IR.HercRentals.com.

This morning I'm joined by Larry Silber, our President and Chief Executive Officer and Barb Brasier, our Senior Vice President and Chief Financial Officer. They will review the quarter and full year results as well as the industry outlook. The prepared remarks will be followed 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, there are a few items I'd like to cover. First, today's conference call will 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 Slides 3 to 6 of the presentation for a complete safe harbor statement.

The Company's risk factors section of our Annual Report form 10-K for the period ending December 31, 2016, which was filed with the Securities and Exchange Commission contains additional information about risks and uncertainties that could impact our business. You can access a copy of our 2016 Form 10-K and other filings by visiting the investor section of our website at IR.HercRentals.com or through the SEC's website, at sec.gov.

On a related matter, our 2017 Form 10-K is expected to be filed today, and will be available 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 GAAP equivalent can be found in the conference call materials, which were furnished to the SEC with our form 8-K this morning and are posted on the investor section on our website at 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 earnings release this morning. We have not given permission for any other recording of this call and do not approve or sanction any transcribing of the call.

I'll turn the call over to Larry.

Larry Silber

Thank you, Elizabeth. And good morning, everyone and welcome to our fourth quarter call. I'm pleased that you're able to join us this morning. As I begin, please