Hertz Global Holdings (HTZZ) Q2 Revenues Rise 62%
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Hertz Global Holdings Reports Strong Second Quarter 2021 Financial Results
August 9, 2021 7:43 AM EDTESTERO, Fla., Aug. 9, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK: HTZZ; OTCPK: HTZZW) ("Hertz Global" or the "Company") today announced financial results for the second quarter of 2021.
For the second quarter 2021, the Company generated total revenues of $1.9 billion reflecting strong leisure travel demand coupled with tighter fleet inventory. Adjusted Corporate EBITDA was $639 million resulting in a 34% margin. The improvement resulted from strong revenues, efficient fleet management and over $400 million of structural, and recurring, cost reduction. The Company generated a net loss of $168 million or $1.05 loss per share, which included $633 million of... More
