Hertz Q3 2021 Earnings Report
Key Takeaways
Hertz Global Holdings reported total revenues of $2.2 billion for the third quarter of 2021, a 19% increase from the second quarter of 2021. Net income was $605 million, or $1.13 per diluted share. The company reported record Adjusted Corporate EBITDA of $860 million and a record Adjusted Corporate EBITDA Margin of 39%.
Total revenues of $2.2 billion, up 19% from second quarter 2021
Net income of $605 million, or $1.13 per diluted share
Company reports records for both Adjusted Corporate EBITDA of $860 million and Adjusted Corporate EBITDA Margin of 39%
Corporate liquidity of $3.8 billion at September 30th, including $2.7 billion in unrestricted cash, compared to $3.0 billion at second quarter-end
Hertz
Hertz
Hertz Revenue by Geographic Location
Forward Guidance
Hertz Global anticipates Adjusted Corporate EBITDA between $500 and $600 million for Q4 2021, and between $2.0 and $2.1 billion for the full year. They expect Total Revenue Per Unit Per Month to be between $1,355 and $1,445 for Q4, and between $1,400 and $1,430 for the full year. Depreciation Per Unit Per Month is projected to be between $60 and $70 for Q4, and between $95 and $105 for the full year. Liquidity at December 31, 2021, is expected to be between $3.9 and $4.1 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income