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Sep 30, 2024
Hertz Q3 2024 Earnings Report
Hertz reported third quarter results, focusing on back-to-basics strategy to deliver sustainable, long-term returns for shareholders.
Key Takeaways
Hertz Global Holdings reported a third quarter revenue of $2.6 billion. The company experienced a GAAP net loss of $1.3 billion, which included a non-cash asset impairment charge of $1.0 billion, and an adjusted net loss of $208 million. Corporate liquidity stood at $1.6 billion at the end of the quarter.
Revenue reached $2.6 billion.
GAAP net loss was $1.3 billion, including a $1.0 billion non-cash asset impairment charge.
Adjusted net loss amounted to $208 million.
Corporate liquidity was $1.6 billion at the end of September.
Revenue by Geographic Location
Forward Guidance
The company expects to substantially complete the fleet rotation by the end of 2025, at which time it expects that DPU could normalize to under $300.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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