Hertz Touts 4Q Results

By Staff Writer February 26, 2020

Hertz Global Holdings, Inc. reports an increase in U.S. revenue for both the 4th quarter and full-year 2019.

  • Record U.S. RAC revenue, up 6 percent for the fourth quarter, 7 percent for the full year on pricing and volume;
  • Record global revenue, up 1 percent for the fourth quarter, 3 percent for the full year;
  • Global revenue, excluding Donlen adjustments and fx, increased 5 percent for the fourth quarter and full year;
  • Net loss attributable to Hertz Global was $118 million for the fourth quarter, $58 million for the full year; and
  • Adjusted Corporate EBITDA up 11 percent for the fourth quarter, 50 percent for the full year.

“We have made tremendous progress over the past three years in re-igniting topline growth, driving margin expansion and improving customer satisfaction,” said Kathryn Marinello, Hertz’s chief executive officer.

“Our latest results reflect 10 straight quarters of year-over-year revenue growth and nine consecutive quarters of year-over-year adjusted corporate EBITDA growth.”

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Last modified on Monday, 02 March 2020 14:54

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