Hertz Q2 2023 revenue $2.4B (+4% YoY), net income $139M vs $520M last year, adj EBITDA $347M

HERTZ GLOBAL HOLDINGS, INC

2023-Q2 EPS reported $1.05 revenue$4,484,000,000

GAAP net income of $139M ($0.44 diluted EPS); adjusted net income $227M ($0.72 adjusted diluted EPS).
Adjusted Corporate EBITDA $347M (14% margin), down 55% YoY from $764M.
Fleet depreciation surged to $329M from $106M last year, pressuring earnings.
Revenue grew 4% to $2.4B; vehicle utilization improved to 82% from 79%.
Repurchased 6.3M common shares for $100M during quarter; liquidity $1.4B at June 30.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HERTZ GLOBAL HOLDINGS, INC reported Q2 2023 results: revenue $2.4 billion, net income $139 million, EPS $0.44 per diluted share.

Period: Q2 2023
Revenue: $2.4 billion
Net income: $139 million
EPS: $0.44 per diluted share
Result: reported results

Exact text from the filing

HIGHLIGHTS • Total revenues of $2.4 billion • GAAP net income of $139 million, a 6% margin, or $0.44 per diluted share • Adjusted Net Income of $227 million, or $0.72 per adjusted diluted share • Adjusted Corporate EBITDA of $347 million, a 14% margin

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HERTZ GLOBAL HOLDINGS, INC filing history →

Source: SEC EDGAR

accession 0001657853-23-000104

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