Hertz Posts Record Revenue for Q4 and 2012

Hertz Global Holdings (NYSE: HTZ  ) 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.


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