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TheStreet Open House

Hertz Global Holdings Announces Timing Of The Release Of Its First Quarter 2014 Financial Results

Stocks in this article: HTZ

NAPLES, Fla., May 19, 2014 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz" or the "Company"), the parent company of The Hertz Corporation, the world's largest general use airport car rental company and a leading equipment rental company in the United States and Canada, today announced that it expects to issue a press release and hold a conference call detailing the Company's 2014 first quarter earnings results on or before June 9, 2014. 

The Hertz Corporation.

The Company previously filed a Form 12b-25 because, as previously announced, additional work is required to complete the closing procedures associated with the first quarter of 2014 primarily related to evaluating the Company's conclusions regarding the capitalization and timing of depreciation for certain non-fleet assets, allowances for doubtful accounts in Brazil as well as other items.  The Company is working expeditiously to file the Form 10-Q and expects to file it on or before June 13, 2014.

Also as previously announced, the Company reaffirms its full year 2014 guidance which it issued on March 18, 2014. 

ABOUT THE COMPANY  Hertz operates its car rental business through the Hertz, Dollar Rent A Car, Thrifty Car Rental, and Firefly brands from approximately 11,530 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Additionally, the Company operates the Hertz 24/7 hourly car rental business. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 10,070 corporate and franchisee locations in approximately 150 countries. Hertz is the number one airport car rental brand in the U.S. and is at approximately 130 major airports in Europe. Dollar and Thrifty have approximately 1,380 corporate and franchisee locations in approximately 75 countries and our Firefly brand has approximately 80 corporate and franchisee locations in eleven countries. Hertz is an inaugural member of Travel + Leisure's World's Best Awards Hall of Fame and was recently named, for the thirteenth time by the magazine's readers as the Best Car Rental Agency. Hertz also swept the global awards for Best Rewards Program and Best Overall Benefits from FlyerTalk.com. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost® and unique cars and SUVs offered through the Company's Adrenaline, Prestige, Green Traveler, and Dream Car Collections also set Hertz apart from the competition. Additionally, Hertz owns the vehicle leasing and fleet management leader Donlen Corporation. The Company also owns a leading North American equipment rental business, Hertz Equipment Rental Corporation, which includes Hertz Entertainment Services.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release and in related comments by our management include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Examples of forward-looking statements include information concerning the Company's outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact.  These forward-looking statements often include words such as "believe," "expect," "project," "anticipate," "intend," "plan," "estimate," "seek," "will," "may," "would," "should," "could," "forecasts" or similar expressions.  These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances.  We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

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