Hertz Global Stock Falls On Q2 Earnings: The Details
Hertz Global Stock Falls On Q2 Earnings: The Details
Hertz Global Holdings Inc (NASDAQ:HTZ) reported second-quarter financial results before the market open on Thursday. Here's a look at the key metrics from the quarter.
在周四市场开盘前,Hertz Global Holdings Inc(纳斯达克股票代码:HTZ)发布了第二季度财务业绩。以下是该季度的关键指标。
What Happened: Hertz reported second-quarter revenue of $2.4 billion, missing the consensus estimate of $2.46 billion, according to estimates from Benzinga Pro. The company reported an adjusted earnings loss of $1.44 per share, missing analyst estimates for a loss of 90 cents per share.
发生了什么:根据Benzinga Pro的估计,赫兹第二季度收入为24亿美元,低于市场预期的24.6亿美元。公司报告的每股调整后收益亏损为1.44美元,低于分析师预期的亏损90美分。
Operating cash flow was $546 million in the quarter. The company said it generated adjusted free cash flow of $553 million.
该季度经营现金流为54600万美元。公司表示,该季度调整后自由现金流为55300万美元。
Corporate liquidity was $1.8 billion as of June 30 after the company raised $1 billion during the quarter to bolster liquidity and de-risk its fleet refresh.
截至6月30日,公司的企业流动性为18亿美元,此前该季度筹集了10亿美元以增强流动性和减少风险。
"We're moving quickly with a best-in-class leadership team, a strategy laser-focused on delivering sustainable returns and elevating our operational performance across the business," said Gil West, CEO of Hertz.
赫兹的首席执行官吉尔·韦斯特(Gil West)表示:“我们正在与最佳管理团队一起迅速行动,重点放在提供可持续回报和提高业务全面表现的战略上。”
"We are at an exciting inflection point in our path to generate greater value for our customers, employees and shareholders – and I am more confident than ever in our plan, our team and the road ahead."
“我们正处在为客户、员工和股东创造更大价值的激动人心的转折点上 - 我对我们的计划、我们的团队和前方的道路比以往任何时候都更有信心。”
Adjusted corporate EBITDA was negative $460 million in the quarter compared with positive adjusted corporate EBITDA of $347 million in the prior year quarter. The decrease was due mainly to increased vehicle depreciation. Hertz said vehicle depreciation increased $706 million compared to the prior year's quarter, primarily due to a decline in future and current residual values.
与去年同期的34700万美元的正调整企业EBITDA相比,该季度的调整后企业EBITDA为负46000万美元。主要原因是车辆折旧增加。赫兹表示,与去年同期相比,车辆折旧增加了70600万美元,主要是由于未来和当前残值下降。
Hertz noted that it expects to substantially complete its fleet refresh by the end of 2025.
赫兹指出,它预计到2025年底基本完成其车队更新。
A conference call to discuss these results kicked off at 9 a.m. ET.
讨论这些结果的电话会议于美国东部时间上午9点开始。
HTZ Price Action: Hertz shares were down 4.4% at $3.90 at the time of publication, according to Benzinga Pro.
HTZ 股票行情:根据 Benzinga Pro 的数据,发文时赫兹的股价下跌了4.4%,为3.90美元。
Photo: Shutterstock.
照片:shutterstock。