Hertz Posts Record Revenue for Q4 and 2012
Hertz Global Holdings broke records in its just-reported Q4 and 2012 results. For the quarter, the company's revenue totaled $2.3 billion, a new all-time high. That was also 15% higher than the $2.0 billion of the same period the previous year. Non-GAAP net income was $141 million ($0.33 per diluted share), a 35% improvement over Q4 2011's $104 million ($0.24).
In spite of the new record, revenue was only slightly above analyst expectations. It was the same for the bottom line, as the market anticipated EPS of $0.31.
Revenue for fiscal 2012 was just over $9.0 billion, another record and a 9% increase over 2011's $8.3 billion. Net income came in at $595 million ($1.33 diluted EPS), or 39% above the previous year's $430 million ($0.97).
The company is to hold its annual general meeting on the morning of May 15.
The article Hertz Posts Record Revenue for Q4 and 2012 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Hertz Global Holdings. The Motley Fool owns shares of Hertz Global Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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