NYSE$HTZ

Hertz Global Holdings Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Hertz reported impressive Q2 2022 results, positioning the company well for the peak summer season.

Hertz Global Holdings, Inc. reported strong second-quarter results with total revenues of $2.3 billion and a net income of $940 million. The company achieved record Adjusted Corporate EBITDA and adjusted free cash flow, driven by positive market conditions and high demand. Hertz continued to invest in technology and a younger fleet while returning capital to shareholders.

  • Total revenues reached $2.3 billion, a 25% increase year-over-year.
  • GAAP net income was $940 million, or $1.13 per diluted share.
  • Adjusted Corporate EBITDA was $764 million, representing a 33% margin.
  • Adjusted free cash flow was $484 million, reflecting increased free cash flow conversion.

Headline financials

Total Revenue

$2.34B

Previous: $1.87B+25.1%
EPS (adj)

$1.22

Previous: -$1.09+211.9%
Vehicle utilization

79.0%

No prior period
Total RPD

$66.66

No prior period
Total RPU per month

$1.61K

No prior period
Depreciation per unit

$71.00

No prior period
Capital Expenditures

-$59M

Previous: -$17M-247.1%
Free Cash Flow

$881M

Previous: -$185M+576.2%
Net Income

$940M

Previous: -$168M+659.5%
Operating Income

$796M

Previous: $591M+34.7%
Gross Profit

$1.15B

Previous: $927M+23.5%
Cash & Equivalents

$1.04B

Previous: $1.8B-42.2%
Total Assets

$22.1B

Previous: $19B+16.1%

Revenue & EPS history

Hertz · Revenue · Quarterly

$2.34B

Q2 2022+25.1%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The cautionary note regarding forward-looking statements includes several factors that could affect the company's actual results and cause them to differ materially from those expressed in 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 Q2 2022

Historical avgQ2 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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Q4 2011———
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Q2 2011———
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Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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