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Dec 31, 2019
Avis Q4 2019 Earnings Report
Avis Budget Group reported a record fourth quarter revenue, driven by strong performance in the Americas.
Key Takeaways
Avis Budget Group reported a record fourth quarter with revenues increasing to $2.2 billion, a 6% increase excluding currency exchange rate movements. Net income was $142 million, or $1.90 per diluted share, while Adjusted net income was $54 million, or $0.73 per diluted share. Adjusted EBITDA increased to $143 million, and utilization improved by 100 basis points.
Revenues increased to a record $2.2 billion, up 6% excluding currency exchange rate movements.
Net income was $142 million or $1.90 per diluted share and Adjusted net income was $54 million or $0.73 per diluted share.
Adjusted EBITDA increased to a record $143 million.
Utilization improved by 100 basis points.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company provided full-year 2020 outlook, which includes non-GAAP financial measures and excludes the effect of future changes in currency exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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