Hertz Global Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 06, 2024 at 07:30 am EST
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Hertz Global Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 2,184 million compared to USD 2,035 million a year ago. Net loss was USD 348 million compared to net income of USD 116 million a year ago. Basic loss per share from continuing operations was USD 1.14 compared to basic earnings per share from continuing operations of USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 1.14 compared to USD 0.01 a year ago.
For the full year, sales was USD 9,371 million compared to USD 8,685 million a year ago. Net income was USD 616 million compared to USD 2,059 million a year ago. Basic earnings per share from continuing operations was USD 1.97 compared to USD 5.43 a year ago. Diluted earnings per share from continuing operations was USD 1.39 compared to USD 3.36 a year ago.
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.
HERTZ GLOBAL HOLDINGS, INC. 
