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Net income improved to $26 million and adjusted net income increased 84% to $46 million, or $0.57 per diluted share.
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For the second quarter 2018, total revenues were $2.4 billion, a 7% increase versus the second quarter 2017.
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The Group’s leisure business, responsible for 56% of Group rental revenue in the first half of 2018, but also the Group’s corporate business, acted as a dual growth engine for the Group and its major business units.
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This webcast and conference call can be accessed through a link on the Investor Relations section of the Hertz website.
Read More →This significant increase in Group revenues was supported by the recent acquisitions made by the Group in the last months of 2017.
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In the first quarter of 2018, Hertz Global Holdings reported total revenues of $2.1 billion and decreased net loss by 9% based on an increase in transaction days, a decrease in per-unit depreciation expense, and an increase in pricing excluding ride-hailing rentals.
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Revenue growth was driven by a 5% increase in total rental days and strong pricing.
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Erich Sixt: “The USA offers our company enormous growth potential for the coming years.”
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This seminar will present analyses on the forces affecting the U.S. car rental market from an investment perspective. John Healy of Northcoast Research will lead the discussion.
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Hertz CEO Marinello: Company expects “to evolve to a more competitive earnings profile” in 2019.
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