NYSE$HTZ

Hertz Global Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Hertz reported a strong first quarter with increased revenue and net income, driven by a rebound in travel demand and cost discipline.

Hertz Global Holdings reported a strong first quarter in 2022, with total revenues of $1.8 billion, a 57% increase compared to the first quarter of 2021 excluding Donlen. The company's GAAP net income was $426 million, or $0.82 per diluted share, and adjusted Corporate EBITDA was $614 million. The results reflect a sharp rebound in travel, high volumes, sustained pricing, and cost discipline.

  • Total revenues reached $1.8 billion, up 57% year-over-year excluding Donlen.
  • GAAP net income was $426 million, or $0.82 per diluted share.
  • Adjusted Corporate EBITDA was $614 million with a margin of 34%.
  • The company repurchased 38 million common shares between January 1 and April 21, 2022.

Headline financials

Total Revenue

$1.81B

Previous: $1.29B+40.4%
EPS (adj)

$0.87

Previous: $1.22-28.7%
Vehicle utilization

75.0%

Previous: 76.0%-1.3%
Total RPD

$59.17

Previous: $46.36+27.6%
Total RPU per month

$1.33K

Previous: $1.05K+25.9%
Depreciation per unit

-$40.00

Previous: $219.00-118.3%
Capital Expenditures

-$30M

Previous: -$9M-233.3%
Free Cash Flow

$396M

Previous: $181M+118.8%
Net Income

$426M

Previous: $190M+124.2%
Operating Income

$476M

Previous: $308M+54.5%
Gross Profit

$757M

Previous: $462M+63.9%
Cash & Equivalents

$1.52B

Previous: $1.09B+39.9%
Total Assets

$20.9B

Previous: $16.6B+26.1%

Revenue & EPS history

Hertz · Revenue · Quarterly

$1.81B

Q1 2022+40.4%vs Q1 2021
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Forward guidance

Cautionary note regarding forward-looking statements

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-3.5%

Avg return

30 days after

53%

10 / 19 earnings

Positive

+36.2%

Q3 2025

Best reaction

-23.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.6%-4.1%-17.4%
Q4 2025+1.8%-1.8%+4.1%
Q3 2025+36.2%+33.2%+4.0%
Q1 2025-17.2%-4.0%-12.2%
Q4 2024-8.5%+5.4%-10.4%
Q3 2024+12.5%+20.2%+27.0%
Q2 2024-9.3%-11.0%-25.5%
Q1 2024-23.8%-21.6%-17.6%
Q4 2023+6.7%+2.8%-8.6%
Q3 2023-14.8%-16.7%-15.1%
Q2 2023-11.1%-8.2%-5.9%
Q1 2023+10.1%+7.0%+4.6%
Q4 2022+7.5%+3.6%+4.5%
Q3 2022-1.0%-5.3%-9.9%
Q2 2022+23.0%+18.2%+9.1%
Q1 2022-4.7%-11.0%-12.6%
Q4 2021+10.0%+13.1%+26.1%
Q3 2021+14.8%+29.8%-11.6%
Q2 2021+2.4%-2.7%+0.4%
Q1 2021———
Q4 2020———
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Q1 2020———
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Q4 2018———
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Q4 2016———
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Q4 2014———
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Q4 2013———
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Q4 2012———
Q3 2012———
Q2 2012———
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Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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