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Jun 30, 2022
Hertz Q2 2022 Earnings Report
Hertz reported impressive Q2 2022 results, positioning the company well for the peak summer season.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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