Earnings Call Excerpt
Hertz Global Holdings, Inc. (HTZ)
Q3 2007 Earnings Call
Oct 29, 2007, 10:00 a.m. ET
Executives
Mark Frissora - Chairman and CEO.
Joe Nothwang - Executive Vice-President and President Vehicle Rental and Leasing, the Americas and Pacific
Michel Taride - Executive Vice-President and President Hertz Europe Limited
Gerry Plescia - Executive Vice-President and President of HERC
Elyse Douglas - Executive Vice-President and Chief Financial Officer.
Analysts
Jerome Nathan – Bank of America Securities
Richard Kwas - Wachovia Capital Markets, LLC
Cristina Lou – Morgan Stanley
Himanshu Patel – J.P. Morgan
Christopher Agnew – Goldman Sachs
Jeff Kessler – Lehman Brothers
Zafar Nazim - J.P. Morgan
Douglas Carson – Bank of America
Frank Jarman – Goldman Sachs
James Solomon– J.P. Morgan
Emily Shanks – Lehman Brothers
Michael Millman - Soleil-Millman Research Associates
Jordan Hymowitz – Philadelphia Financial
Presentation
Operator
Ladies and gentlemen, thank you for standing by and welcome to Hertz Global Holdings Third Quarter 2007 Earnings Conference Call.
The company has asked me to read the following statement to you. Certain statements made on this call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include but are not limited to statements concerning Hertz Global Holdings outlook, management forecast, opportunities to increase productivity and profitability, implementation of productivity and efficiency initiatives, anticipated pricing and growth, future performance, management’s plans, acquisitions, contingent liabilities, taxes, and liquidity. These statements maybe preceded by, followed by, or include the words ?believes, expects, anticipates, intends, plans, estimates, projects, seeks, will, may, should, forecast, or, similar expressions.? Forward-looking statements are not guarantees of performance and by their nature are subject to inherent risks and uncertainties and actual results may differ. Any forward-looking information relayed on this call speaks only as of the date hereof.
Hertz Global Holdings undertakes no obligation to update or revise any forward-looking statements to reflect new information, change circumstances or unanticipated events. You are cautioned therefore that you should not rely on these forward-looking statements. You should understand that the risks and uncertainties discussed under the headings Risk Factors and Cautionary Note regarding forward-looking statements in the Hertz Global Holdings Form 10-K for the year ended December 31, 2006 and for the Form 10-Q for the three months ended on June 30, 2007 could cause future results or outcomes to differ materially from those expressed or implied in Hertz Global Holdings forward-looking statements.
I would now like to turn the conference over to our host, Ms. Lauren Babbis. Please go ahead.
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