Hertz Global Holdings, Inc. (HTZ) Q3 2024 Earnings Breakdown
Description
Key Highlights:
Net Loss: Hertz Global reported a net loss of $(1.332) billion for Q3 2024 compared to a net income of $629 million in Q3 2023.
Revenue Decline: Total revenues decreased slightly to $2.576 billion in Q3 2024 from $2.703 billion in Q3 2023.
Significant Impairment Charge: A Long-Lived Assets impairment charge of $1.048 billion significantly impacted the net loss in Q3 2024.
Adjusted Corporate EBITDA: Despite the net loss, Adjusted Corporate EBITDA was $(157) million in Q3 2024, compared to $359 million in the prior year quarter.
Share Repurchases Halted: The share repurchase program is temporarily suspended from April 16, 2024, through April 1, 2025, due to debt covenants.
New CFO Appointment: Sandeep Dube was appointed as the new Executive Vice President and Chief Financial Officer, receiving a sign-on equity package and a promotional equity award.
Key Highlights:
Solid Execution: Deere achieved strong results across the business cycle by adjusting operations to align with the current environment.
Earnings Decline: Net income for 4Q 2024 was $1.245 billion, down 47% from $2.369 billion in 4Q 2023. Full-year net income was $7.100 billion,...
Published 11/23/24
Key Highlights:
Revenue Growth: Total net revenue increased to $3.283 billion, up from $2.978 billion in the same period of the prior year. This was primarily driven by growth in service revenue, particularly from QuickBooks Online Accounting and Online Services.
"Revenue for our Credit Karma...
Published 11/23/24