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BRIEF-Hertz Reports Second Quarter Results Revenue Of $2.3 Billion, Net Income Of $940 Million

BRIEF-Hertz Reports Second Quarter Results Revenue Of $2.3 Billion, Net Income Of $940 Million

Reuters · 07/28/2022 07:35
BRIEF-Hertz Reports Second Quarter Results Revenue Of $2.3 Billion, Net Income Of $940 Million

- Hertz Global Holdings Inc HTZ:

  • HERTZ REPORTS SECOND QUARTER RESULTS: REVENUE OF $2.3 BILLION, NET INCOME OF $940 MILLION, ADJUSTED CORPORATE EBITDA OF $764 MILLION, OPERATING CASH FLOW OF $708 MILLION AND ADJUSTED FREE CASH FLOW OF $484 MILLION

  • Q2 GAAP EARNINGS PER SHARE $1.13

  • Q2 REVENUE ROSE 25 PERCENT TO $2.3 BILLION

  • QTRLY ADJUSTED NET INCOME OF $520 MILLION, OR $1.22 PER ADJUSTED DILUTED SHARE

  • COMPANY'S LIQUIDITY POSITION WAS $2.5 BILLION AT JUNE 30, 2022, OF WHICH $1.0 BILLION WAS UNRESTRICTED CASH

  • DURING Q2 2022, COMPANY COMPLETED $2 BILLION SHARE REPURCHASE PROGRAM ANNOUNCED IN NOVEMBER 2021

  • ALSO ANNOUNCED AUTHORIZATION OF A NEW $2 BILLION PROGRAM

  • HAVE REPURCHASED APPROXIMATELY 9.3 MILLION SHARES WITH $1.8 BILLION REMAINING UNDER NEW PLAN AS OF JULY 21, 2022

  • HERTZ GLOBAL HOLDINGS - IN QUARTER TOTAL RPU PER MONTH $1,606 VERSUS $1,497

  • Q2 EARNINGS PER SHARE VIEW $1.15, REVENUE VIEW $2.36 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:

Further company coverage: HTZ


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