Overview

* Hertz Q2 revenue falls 7% but beats analyst expectations, per LSEG data

* Net income improves by ~$0.5 bln year-over-year, yet remains a loss of $294 mln

* Vehicle utilization increased to 83%, a 300 basis point year-over-year rise

Result Drivers

* FLEET MANAGEMENT - Disciplined fleet management and operational efficiency contributed to a $0.5 bln improvement in profitability

* UTILIZATION INCREASE - Vehicle utilization rose to 83%, a 300 basis point increase year-over-year, due to precise fleet optimization

* COST CONTROL - Direct operating expenses declined 3% year-over-year, reflecting disciplined cost management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $2.18 $2.17

Revenue bln bln (9

Analysts

)

Q2 Beat -$0.34 -$0.4 (7

Adjusted Analysts

EPS )

Q2 EPS -$0.95

Q2 Beat -$104 -$105.20

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net -$294

Income mln

Q2 Beat $1 mln -$4.82

Adjusted mln (5

EBITDA Analysts

)

Q2 2.0%

Adjusted

EBITDA

Margin

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)