Hertz Q2 2022 Earnings Report
Key Takeaways
Hertz Global Holdings, Inc. reported strong second-quarter results with total revenues of $2.3 billion and a net income of $940 million. The company achieved record Adjusted Corporate EBITDA and adjusted free cash flow, driven by positive market conditions and high demand. Hertz continued to invest in technology and a younger fleet while returning capital to shareholders.
Total revenues reached $2.3 billion, a 25% increase year-over-year.
GAAP net income was $940 million, or $1.13 per diluted share.
Adjusted Corporate EBITDA was $764 million, representing a 33% margin.
Adjusted free cash flow was $484 million, reflecting increased free cash flow conversion.
Hertz
Hertz
Hertz Revenue by Geographic Location
Forward Guidance
The cautionary note regarding forward-looking statements includes several factors that could affect the company's actual results and cause them to differ materially from those expressed in forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income