Hertz Q3 2022 revenue $2.5B (+12% YoY), net income $577M, adjusted EBITDA $618M

HERTZ GLOBAL HOLDINGS, INC

2022-Q3 EPS reported $3.22 revenue$6,650,000,000

GAAP diluted EPS $1.33; adjusted diluted EPS $1.08, with adjusted net income $410M down 30% YoY.
Americas RAC revenue $2,042M (+7% YoY), Adjusted EBITDA $564M (28% margin); International revenue $454M (+46% YoY), Adjusted EBITDA $150M (33% margin).
Operating cash flow $932M; adjusted free cash flow $505M; corporate liquidity $2.6B (incl $1.0B unrestricted cash).
Repurchased 27.2M shares for $500M in Q3; $1.4B remaining under authorization as of Oct 20.
Monthly RPU record $1,685; utilization 80%; depreciation per unit $187, normalizing from low prior year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HERTZ GLOBAL HOLDINGS, INC reported third quarter 2022 results: revenue $2.5 billion, net income $577 million, EPS $1.33 per diluted share.

Period: third quarter 2022
Revenue: $2.5 billion
Net income: $577 million
EPS: $1.33 per diluted share
Result: reported results

Exact text from the filing

HERTZ REPORTS THIRD QUARTER 2022 RESULTS: REVENUE OF $2.5 BILLION, NET INCOME OF $577 MILLION, ADJUSTED CORPORATE EBITDA OF $618 MILLION, OPERATING CASH FLOW OF $932 MILLION AND ADJUSTED FREE CASH FLOW OF $505 MILLION

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HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001657853-22-000091

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