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Mar 31, 2022
Hertz Q1 2022 Earnings Report
Hertz reported a strong first quarter with increased revenue and net income, driven by a rebound in travel demand and cost discipline.
Key Takeaways
Hertz Global Holdings reported a strong first quarter in 2022, with total revenues of $1.8 billion, a 57% increase compared to the first quarter of 2021 excluding Donlen. The company's GAAP net income was $426 million, or $0.82 per diluted share, and adjusted Corporate EBITDA was $614 million. The results reflect a sharp rebound in travel, high volumes, sustained pricing, and cost discipline.
Total revenues reached $1.8 billion, up 57% year-over-year excluding Donlen.
GAAP net income was $426 million, or $0.82 per diluted share.
Adjusted Corporate EBITDA was $614 million with a margin of 34%.
The company repurchased 38 million common shares between January 1 and April 21, 2022.
Revenue by Geographic Location
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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