Hertz Global Holdings Inc. - Ordinary Shares (New)

+0.25 (+1.17%)
Earnings Announcements

Hertz Reports Second Quarter Results Revenue Of $2.3 Billion, Net Income Of $940 Million

Published: 07/28/2022 11:42 GMT
Hertz Global Holdings Inc. - Ordinary Shares (New) (HTZ) - Hertz Reports Second Quarter Results: Revenue of $2.3 Billion, Net Income of $940 Million, Adjusted Corporate EBITDA of $764 Million, Operating Cash Flow of $708 Million and Adjusted Free Cash Flow of $484 Million.
Q2 GAAP Earnings per Share $1.13.
Q2 Revenue Rose 25 Percent to $2.3 Billion.
Qtrly Adjusted Net Income of $520 Million, Or $1.22 per Adjusted Diluted Share.company's Liquidity Position Was $2.5 Billion at June 30, 2022, of Which $1.0 Billion Was Unrestricted Cash.
During Q2 2022, Company Completed $2 Billion Share Repurchase Program Announced in November 2021.
Also Announced Authorization of a New $2 Billion Program.
Have Repurchased Approximately 9.3 Million Shares With $1.8 Billion Remaining Under New Plan As of July 21, 2022.
Hertz Global Holdings - in Quarter Total Rpu per Month $1,606 Versus $1,497.
Q2 Earnings per Share View $1.15, Revenue View $2.36 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $2.66 Billion
Adjusted EPS is expected to be $1.35

Next Quarter Revenue Guidance is expected to be $2.16 Billion
Next Quarter EPS Guidance is expected to be $0.61

More details on our Analysts Page.