Avis Budget Group's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Avis Budget Group (CAR)

Q4 2011 Earnings Call

February 16, 2012 9:00 am ET

Executives

Neal Goldner -

Ronald L. Nelson - Chairman, Chief Executive Officer, President, Chief Operating Officer and Chairman of Executive Committee

David B. Wyshner - Global Chief Financial Officer and Senior Executive Vice President

Analysts

John M. Healy - Northcoast Research

Afua Ahwoi - Goldman Sachs Group Inc., Research Division

Michael Millman - Millman Research Associates

Christopher Agnew - MKM Partners LLC, Research Division

Brian Arthur Johnson - Barclays Capital, Research Division

Yilma Abebe - JP Morgan Chase & Co, Research Division

Stephen O'Hara - Sidoti & Company, LLC

Presentation

Operator

Good morning, and welcome to the Avis Budget Group's Fourth Quarter Earnings Conference Call. Today's call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to Mr. Neal Goldner, Vice President of Investor Relations. Please go ahead, sir.

Neal Goldner

Thank you, Tanya. Good morning, everyone, and thank you for joining us. On the call with me are Ron Nelson, our Chairman and Chief Executive Officer; and David Wyshner, our Senior Vice President and Chief Financial Officer.

Before we discuss our results for the fourth quarter, I would like to remind everyone that the company will be making statements about its future results and expectations which constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements are based on current expectations and the current economic environment, are inherently subject to economic, competitive and other uncertainties and contingencies beyond the control of management. You should be cautioned that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in our earnings release, which was issued last night, our Form 10-K, the other SEC filings. If you did not receive a copy of our press release, it is available on our website at ir.avisbudgetgroup.com.

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