Hertz Announces 4th Quarter and Full Year Operating Results

Hertz Global Holdings announced Feb. 23 a revenue of $1.8 billion worldwide, a 16.4 percent decrease from last year’s $2.14 billion.

The company, which also leases equipment, posted an adjusted loss of $73 million, or 22 cents a share, compared with earnings of $93.9 million, or 29 cents per share, a year ago.

Due to the uncertain economic environment, Hertz has declined to give specific quarterly or full-year guidance.

Additionally, the company plans to reduce 4,000 jobs in hopes to achieve $350 million cost savings in 2009.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Job Finder: Access Top Talent. Fill Key Positions.

>