8-K
filed February 7, 2023, 6:59 PM ET
ticker HTZ
CIK 0001657853
earnings
confidence high
sentiment positive
materiality 0.75
Hertz reports Q4 revenue $2.0B (+4% YoY); record FY 2022 net income of $2.1B; adjusted EBITDA $2.3B
HERTZ GLOBAL HOLDINGS, INC
2022-FY EPS reported
$3.36
revenue$8,685,000,000
- Q4 revenue $2.0B (+4% YoY); GAAP net income $116M, adjusted EPS $0.50.
- Full-year 2022 record net income $2.1B ($3.36 diluted EPS); record adjusted EBITDA $2.3B (27% margin).
- Depreciation per unit per month rose to $244 in Q4 from $55 in Q4 2021, reflecting normalized fleet costs.
- Company repurchased 128M shares in 2022 (28.5% reduction); $1.1B remaining under authorization.
- Corporate liquidity $2.5B at Dec 31; operating cash flow $277M in Q4, adjusted free cash flow $424M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HERTZ GLOBAL HOLDINGS, INC reported fourth quarter 2022 results: revenue $2.0 billion, net income $116 million, EPS $(0.01) per diluted share.
- Period
- fourth quarter 2022
- Revenue
- $2.0 billion
- Net income
- $116 million
- EPS
- $(0.01) per diluted share
- Result
- reported results
Exact text from the filing
("Hertz", "Hertz Global" or the "Company") today reported results for its fourth quarter and full year 2022. For the fourth quarter 2022, the Company generated total revenues of $2.0 billion, up 4% from the fourth quarter of 2021, and up 7% on a constant currency basis. RPD and RPU were at fourth quarter record levels and volume was up 3% led by post-pandemic demand
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
HERTZ GLOBAL HOLDINGS, INC reported full year 2022 results: revenue $8.7 billion, net income $2.1 billion, EPS $3.36 per diluted share.
- Period
- full year 2022
- Revenue
- $8.7 billion
- Net income
- $2.1 billion
- EPS
- $3.36 per diluted share
- Result
- reported results
Exact text from the filing
EBITDA of $309 million, a 15% margin • Operating cash flow of $277 million • Adj. operating cash flow of $156 million; adj. free cash flow of $424 million FY 2022 • Revenue of $8.7 billion • Record GAAP net income of $2.1 billion, or $3.36 per diluted share • Record adjusted net income of $1.5 billion, or $3.74 per diluted share • Record Adjusted Corporate EBITDA
View on SEC.gov
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