Welcome to our dedicated page for Hertz Global Hld news (Ticker: HTZ), a resource for investors and traders seeking the latest updates and insights on Hertz Global Hld stock.
Hertz Global Holdings Inc. (HTZ) operates one of the world's most recognized vehicle rental networks through its Hertz, Dollar, Thrifty, and Firefly brands. This news hub provides investors and industry observers with direct access to the company's official communications and market-moving developments.
Monitor strategic initiatives across HTZ's core operations including fleet electrification efforts, technology partnerships, and global market expansions. The repository consolidates earnings announcements, leadership updates, and operational milestones that shape the company's position in the mobility sector.
Key updates cover fleet management strategies, corporate responsibility programs, and innovations in customer experience across 140+ countries. Users gain insights into how HTZ navigates evolving transportation trends while maintaining its industry leadership.
Bookmark this page for streamlined access to Hertz Global Holdings' verified financial disclosures and operational updates. Check regularly for new developments impacting the vehicle rental landscape and related investment considerations.
Hertz reported a robust first quarter of 2022, with total revenues soaring to $1.8 billion, a 57% increase from the previous year. GAAP net income reached $426 million, translating to $0.82 per diluted share. Adjusted net income stood at $403 million ($0.87 per adjusted diluted share), while adjusted EBITDA was $614 million, marking a 34% margin. The company demonstrated strong cash flow, with $621 million in operating cash flow. Hertz also completed significant share repurchases, enhancing shareholder value amid strong travel demand.
Hertz (NASDAQ: HTZ) announced the appointment of Ned Ryan as chief product development officer, effective May 9. Ryan will focus on delivering connected products and enhancing customer experience as Hertz strengthens its position in the modern mobility ecosystem. CEO Stephen Scherr stated that Ryan's innovative background, including founding successful mobility ventures and a senior role at Ford, makes him a perfect fit for advancing Hertz's digital strategy. Ryan expressed excitement about contributing to Hertz's growth and innovation.
Hertz (NASDAQ: HTZ) has announced a collaboration with Amazon Web Services (AWS) to enhance its customer experience and mobility platform through cloud technology. This partnership aims to utilize AWS's advanced analytics and telematics capabilities, facilitating a digital-first experience and supporting Hertz's investment in electric vehicles (EVs). The initiative includes developing a vast EV rental fleet in North America and scaling the global charging infrastructure. Hertz plans to transition its core infrastructure to AWS, fostering innovation and improving fleet management.
Hertz (NASDAQ: HTZ) has announced the appointment of Colleen Batcheler as executive vice president, general counsel, and secretary, effective May 20, 2022. Batcheler will succeed M. David Galainena, who is retiring after nearly 40 years in law, including three years at Hertz. Batcheler has over 15 years of experience in leadership roles, previously serving at Conagra Brands. Hertz CEO Stephen Scherr expressed excitement about Batcheler's strategic expertise amid significant opportunities for the company in the mobility and travel industry.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) is set to announce its first quarter 2022 financial results on April 27, 2022, at 4:00 p.m. ET, followed by an earnings call at 5:00 p.m. ET. Detailed earnings information will be available on the company's Investor Relations website. Hertz operates the internationally recognized vehicle rental brands Hertz, Dollar, and Thrifty across multiple regions including North America, Europe, and Asia.
Hertz has partnered with Polestar to purchase up to 65,000 electric vehicles (EVs) over five years, starting in Spring 2022 in Europe and late 2022 in North America and Australia. This move supports Hertz's goal of leading in electrification and enhancing its EV rental fleet. The initial order includes the Polestar 2, recognized for its premium features and technology. Polestar aims to significantly increase its production, targeting 290,000 vehicles annually by the end of 2025, further enhancing the EV market as consumer interest rises.
On March 25, 2022, Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced the pricing of three series of rental car asset-backed notes totaling $1.41 billion. The offerings include $333.33 million in Series 2022-3, $580 million in Series 2022-4, and $317.07 million in Series 2022-5 notes, which will be sold to unaffiliated parties. Proceeds will primarily be used to repay existing notes and acquire or refinance vehicles for the rental fleet. The transaction is set to close on March 30, 2022.
Hertz Global Holdings, Inc. (NASDAQ: HTZ) announced plans to issue rental car asset-backed notes totaling $1.15 billion through its subsidiary Hertz Vehicle Financing III LLC. The offering comprises three series of notes with principal amounts of $333.3 million each for Series 2022-3 and Series 2022-4, and $333.34 million for Series 2022-5. Proceeds will primarily be used to repay existing notes and for vehicle acquisitions to support Hertz's U.S. rental car fleet. The notes will be offered privately and exempt from the Securities Act's registration requirements.
Hertz Global Holdings (HTZ) reported strong fourth quarter results for 2021, with revenues of $1.9 billion, a 78% increase from Q4 2020, although down 9% from Q4 2019. Adjusted earnings per share reached $0.91, and Adjusted Corporate EBITDA was $628 million. For the full year, total revenues hit $7.3 billion, with an adjusted EPS of $4.39 and a record EBITDA of $2.1 billion. The company ended 2021 with $3.2 billion in liquidity, after repurchasing shares and preferred stock during Q4.
Hertz has appointed Stephen M. Scherr as its new Chief Executive Officer, effective February 28, 2022. Scherr aims to transform the company by focusing on shared mobility, electrification, and a digital-first customer experience. With nearly 25,000 employees, Hertz seeks to enhance growth and create value through innovative fleet management. Scherr, who previously spent 30 years at Goldman Sachs, is recognized for his strategic leadership and experience in building partnerships. The company also thanks interim CEO Mark Fields for his contributions during the recent relisting.
