Hertz Increases Q2 Revenue 5%
Adjusted net income for the second quarter 2019 was $71 million.
Net income attributable to Hertz Global was $38 million compared to a loss of $63 million.
Photo via Atomic Taco/Flickr.
For the second quarter 2019, Hertz reported a total revenue of $2.5 billion, a 5% increase versus the second quarter 2018.
Net income attributable to Hertz Global was $38 million compared to a loss of $63 million. Adjusted net income for the second quarter 2019 was $71 million compared to an adjusted net loss of $16 million for the same period last year.
Second quarter 2019 compared to second quarter 2018:
Global revenue grew to $2.5 billion, up 5%
U.S. RAC total revenues grew to $1.8 billion, up 10%
U.S. RAC transaction days up 6%, Total RPD up 3%
U.S. RAC depreciation per unit per month decreased 13%
Net income attributable to Hertz Global improved 160%
Adjusted corporate EBITDA improved 124%
Originally posted on Auto Rental News
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