Hertz Global Holdings, Inc. (NASDAQ:HTZ) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET

Company Participants

Johann Rawlinson - Head of IR

Stephen Scherr - CEO

Alexandra Brooks - CAO and Interim CFO

Conference Call Participants

Chris Woronka - Deutsche Bank

Ian Zaffino - Oppenheimer

John Healy - Northcoast Research

Diego Ortega Laya - Morgan Stanley

Christopher Stathoulopoulos - SIG

Operator

Welcome to the Hertz Global Holdings First Quarter 2023 Earnings Call. Currently, all lines are in a listen-only mode. Following management's commentary we will conduct a question-and-answer session. I would like to remind you that this morning's call is being recorded by the company.

I would now like to turn the call over to your host, Johann Rawlinson, Vice President of Investor Relations. Please go ahead.

Johann Rawlinson

Good morning, everyone, and thank you for joining us. By now, you should have our earnings press release and associated financial information. We've also provided slides to accompany our conference call, which can be accessed on our website. I want to remind you that certain statements made on this call contain forward-looking information. Forward-looking statements are not a guarantee of performance, and by their nature, are subject to inherent uncertainties. Actual results may differ materially.

Any forward-looking information relayed on this call speaks only as of today's date, and the company undertakes no obligation to update that information to reflect changed circumstances. Additional information concerning these statements is contained in our earnings press release and in the Risk Factors and Forward-Looking Statements section of our 2022 Form 10-K and our first quarter 2023 Form 10-Q filed with the SEC. These documents are also available on the Investor Relations section of the Hertz website.

Today, we'll use certain non-GAAP financial measures, which are reconciled with GAAP numbers in our earnings press release available on our website. We believe that these non-GAAP measures provide additional information about our operations, allowing better evaluation of our profitability and performance. Unless otherwise noted, our discussion today focuses on our global business.

On the call this morning, we have Stephen Scherr, our Chief Executive Officer; and Alex Brooks, our Interim Chief Financial Officer.

I'll now turn the call over to Stephen.

Stephen Scherr

Thank you, Johann. Good morning, and thank you all for joining us on this first quarter earnings call. I want to begin by welcoming Alex Brooks to the call. As you know, Alex has been our Chief Accounting Officer for several years and has now assumed the role of Interim CFO. Alex is a proven leader and under her guidance her team orchestrated a seamless close of Q1 in the context to the CFO transition. We look forward to naming a permanent CFO upon completion of our review process.