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Dec 31, 2022
Hertz Q4 2022 Earnings Report
Hertz reported strong Q4 2022 results with revenue up 4% and record RPD and RPU levels.
Key Takeaways
Hertz Global Holdings, Inc. reported a strong fourth quarter in 2022, with total revenues of $2.0 billion, up 4% from Q4 2021. Net income was $116 million, and Adjusted Corporate EBITDA was $309 million, a 15% margin. Adjusted earnings per share was $0.50. The company acquired 19 million shares, or 6% of its common stock, during the quarter.
Revenue of $2.0 billion.
GAAP net income of $116 million, or $(0.01) per diluted share.
Adjusted net income of $173 million, or $0.50 per diluted share.
Adjusted Corporate EBITDA of $309 million, a 15% margin.
Hertz
Hertz
Hertz Revenue by Geographic Location
Revenue by Geographic Location
Americas RAC Revenue
CapyFin.com Forward Guidance
In 2023, we will build on our progress to grow our business across the Hertz, Dollar, and Thrifty brands. We look to our investments in electrification and technology to yield increasing operating leverage and improved returns and an even better product to our customers around the world.
Positive Outlook
- Grow our business across the Hertz, Dollar, and Thrifty brands.
- Investments in electrification will yield increasing operating leverage.
- Investments in technology will yield increasing operating leverage.
- Investments in electrification will lead to improved returns.
- Investments in technology will lead to improved returns.