Herc Holdings Inc. (NYSE:HRI) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET

Company Participants

Leslie Hunziker - Investor Relations

Larry Silber - President and Chief Executive Officer

Aaron Birnbaum - Senior Vice President and Chief Operating Officer

Mark Irion - Senior Vice President and Chief Financial Officer

Conference Call Participants

Jerry Revich - Goldman Sachs

Rob Wertheimer - Melius Research

Neil Tyler - Redburn

Sherif El-Sabbahy - Bank of America

Brian Sponheimer - Gabelli Funds

Larry Stavitski - Wells Fargo

Steven Ramsey - Thompson Research Group

John Healy - Northcoast Research

Mig Dobre - Baird

Katie Fleischer - KeyBanc Capital Markets

Steven Fisher - UBS

David Raso - Evercore ISI

Leslie Hunziker

[Starts Abruptly] website at IR.HercRentals.com. Today we’re reviewing our third quarter results with comments on operations and our financials, including our view of the industry and our strategic outlook. The prepared remarks will be followed by an open Q&A.

Now, let’s move on to your Safe Harbor and GAAP reconciliation on Slide 3. Today's 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 our forward-looking statements made on this call. You should also refer to the Risk Factors section of our Annual Report on the Form 10-K for the year-ended December 31, 2021.

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.

Finally, a replay of this call can be accessed via dial-in or through the 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 we do not approve or sanction any transcribing of the call.

This morning, I’m joined by Larry Silber, President and Chief Executive Officer; Aaron Birnbaum, Senior Vice President and Chief Operating Officer; and Mark Irion, Senior Vice President and Chief Financial Officer.

I'll now turn the call over to Larry.

Larry Silber

Thank you, Leslie, and good morning, everyone. Before we get started today, I want to take a minute to recognize Elizabeth, who as was mentioned after nearly seven years with Herc has elected to retire next year. Until then, Elizabeth will continue shepherding our ESG strategy and further developing and executing our corporate sustainability initiatives. On behalf of everyone at Herc, I want to thank Elizabeth for her commitment to building our IR function and for her many contributions to our success over the years, including managing our relationship with all of you.