earnings
confidence high
sentiment positive
materiality 0.70
Hertz Q2 revenue up 10% to $2.4B; Adjusted EBITDA $81M beats guidance
HERTZ GLOBAL HOLDINGS, INC
- GAAP net income $64M ($0.05 diluted EPS); adjusted net loss $47M (-$0.11 adjusted EPS).
- Adjusted Corporate EBITDA $81M, up from $18M YoY and above revised guidance top end.
- RPD up 9% to $61.98; RPU up 8% to $1,542; fleet utilization 79% (+80 bps YoY).
- Recall headwind ~$30M to Adjusted EBITDA; 300% more vehicles impacted YoY.
- Issued $350M exchangeable notes due 2030; pro forma liquidity ~$1.0B after greenshoe.