Hertz Global Holdings Inc (OQ:HTZ)

Business Focus: Passenger Car rental

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Sector: Industrials	Industry: Passenger Transportation, Ground & Sea

See Regulatory Filings on SEC

Company Contact

Address:	8501 Williams Road, 3Rd Floor ESTERO FL 33928
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

Stephen M. Scherr Chair and Chief Executive Officer	Thomas Wagner Vice Chairman of the Board	Alexandra D. Brooks Chief Financial Officer, Executive Vice President
Justin Keppy Chief Operating Officer, Executive Vice President	Eric J. Leef Chief Human Resource Officer, Executive Vice President	Colleen R. Batcheler Executive Vice President, General Counsel, Secretary

Business Overview

Hertz Global Holdings, Inc. is a holding company. The Company is engaged in the business of renting vehicles primarily through its Hertz, Dollar and Thrifty brands. It operates through two segments: Americas RAC and International RAC. Americas RAC segment provides rental of vehicles, as well as sales of vehicles and value-added services, in the United States, Canada, Latin America and the Caribbean. The International RAC segment provides rental and leasing of vehicles, as well as sales of value-added services in locations other than the United States, Canada, Latin America and the Caribbean. It also owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business. It operates its vehicle rental business globally from approximately 11,400 Company-operated and franchisee locations across approximately 160 countries and jurisdictions, including the United States, Europe, Africa, Asia, Australia, Canada, the Caribbean, Latin America, the Middle East and New Zealand.

Financial Overview

For the three months ended 31 March 2024, Hertz Global Holdings Inc revenues increased 2% to $2.08B. Net loss totaled $186M vs. income of $196M. Revenues reflect International Rental car segment increase of 8% to $341M, U S Rental car segment increase of 1% to $1.74B. Net loss reflects Depreciation of revenue earning vehicles increase from $381M to $969M (expense), (Gain) on sale of non-vehicle capital as decrease from $162M (income) to $0K.

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