Hertz Q2 2021 Earnings Report
Key Takeaways
Hertz Global Holdings reported a strong second quarter in 2021 with total revenues of $1.9 billion, up 62% from the first quarter, and an adjusted Corporate EBITDA of $639 million, a company record. The company emerged from Chapter 11 on June 30, 2021, with a significantly improved financial position and is planning a re-IPO by the end of the year.
Total revenues reached $1.9 billion, a 62% increase from Q1 2021, excluding Donlen revenues.
Net loss was $168 million, which included $633 million in reorganization expenses.
Adjusted Corporate EBITDA was $639 million, setting a company record.
Corporate liquidity stood at $3.0 billion as of June 30, 2021, including $1.8 billion in unrestricted cash, compared to $1.1 billion at the end of Q1.
Hertz
Hertz
Hertz Revenue by Geographic Location
Forward Guidance
The Company anticipates a re-IPO, which includes hosting an investor roadshow and relisting on a major exchange by year-end 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income