Hertz Global (HTZ) Tops Q1 EPS by 4c
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HERTZ REPORTS FIRST QUARTER REVENUE OF $1.8 BILLION, NET INCOME OF $426 MILLION AND ADJUSTED CORPORATE EBITDA OF $614 MILLION
April 27, 2022 4:00 PM EDT"Hertz produced a very strong first quarter," said Stephen Scherr, Hertz chief executive officer. "Our team delivered on behalf of customers amidst strong demand, reflecting a sharp rebound in travel. We experienced high volumes and sustained pricing, particularly in the back half of the quarter following Omicron. We also maintained cost discipline and began to see the benefits of several new partnerships. I am equally pleased with our momentum on customer experience especially as we move into the peak summer travel season and as we play a more central role in mobility over the longer... More
