Avis Budget Group Management Discusses Q1 2013 Results - Earnings Call Transcript

Avis Budget Group (NASDAQ:CAR) Q1 2013 Earnings Call May 2, 2013 8:30 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
Christopher Agnew - MKM Partners LLC, Research Division
Afua Ahwoi - Goldman Sachs Group Inc., Research Division
Adam Jonas - Morgan Stanley, Research Division
Michael Millman - Millman Research Associates
Brian Arthur Johnson - Barclays Capital, Research Division

Operator

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

Neal Goldner

Thank you, Tanya. Good morning, everyone, and thank for joining us. On the call with me are: Ron Nelson, our Chairman and Chief Executive Officer; and David Wyshner, our Senior Executive Vice President and Chief Financial Officer. Before we discuss our first quarter results, I would like to remind everyone that the company will be making statements about its future results and expectations which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Such statements are based on current expectations in 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