Avis Budget Group Inc. (NASDAQ:CAR) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET
Company Participants
Joe Ferraro - President, Chief Executive Officer
Brian Choi - Executive Vice President, Chief Financial Officer
David Calabria - Senior Vice President, Corporate Finance, Treasurer
Conference Call Participants
John Healy - Northcoast Research
Hans Hoffman - Jefferies
Chris Woronka - Deutsche Bank
Ryan Brinkman - JP Morgan
Operator
Greetings and welcome to Avis Budget Group second quarter 2022 conference call. At this time, all participants’ lines are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require Operator assistance during the conference, please press star, zero on your telephone keypad. As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, David Calabria, Treasurer and Senior Vice President of Corporate Finance. Please go ahead, sir.
David Calabria
Good morning everyone and thank you for joining us. On the call with me are Joe Ferraro, our Chief Executive Officer, and Brian Choi, our Chief Financial Officer.
Before we begin, I would like to remind everyone that we will be discussing forward-looking information, including potential future financial performance which is subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from such forward-looking statements and information. Such risks and assumptions, uncertainties and other factors are identified in our earnings release and other periodic filings with the SEC, as well as the Investor Relations section of our website. Accordingly, forward-looking statements should not be relied upon as a prediction of action results and any or all of our forward-looking statements may prove to be inaccurate, and we can make no guarantees about our future performance. We undertake no obligation to update or revise our forward-looking statements.
On this call, we will discuss certain non-GAAP financial measures. Please refer to our earnings press release which is available on our website for how we define these measures and reconciliations to the closest comparable GAAP measures.
With that, I’d like to turn the call over to Joe.
Joe Ferraro
Thank you David. Good morning everyone and thank you for joining us today.
Yesterday we reported our best quarterly results in our company’s history, making this our fifth consecutive earnings report where we delivered record high adjusted EBITDA for that given quarter. This wouldn’t have been possible without the dedication and focus demonstrated by our employees, and I want to thank them for driving record results for 15 months in a row now.