Hertz leadership said HERC's revenues increased were it not for the impact of foreign currency and the upstream oil-and-gas market.
Hertz leadership said HERC's revenues increased were it not for the impact of foreign currency and the upstream oil-and-gas market.
Hertz leadership said HERC's revenues increased were it not for the impact of foreign currency and the upstream oil-and-gas market.
Hertz leadership said HERC's revenues increased were it not for the impact of foreign currency and the upstream oil-and-gas market.
Hertz leadership said HERC's revenues increased were it not for the impact of foreign currency and the upstream oil-and-gas market.

HERC Revenues Slide 2 Percent in Q2

Aug. 11, 2015
Hertz Equipment Rental Corp. posted total revenue of $375 million in the second quarter, compared to $384 million in the second quarter of 2014, a 2 percent drop.

Hertz Equipment Rental Corp. posted total revenue of $375 million in the second quarter, compared to $384 million in the second quarter of 2014, a 2 percent drop. EBITDA slid 11 percent from $166 million a year ago to $147 million this year. Excluding the impact of foreign currency, revenue increased $3 million or 1 percent.

“Excluding negative foreign currency impact and the impact of lower sales in upstream in oil-and-gas markets, HERC revenues were up 6 percent in the second quarter,” said John Tague, Hertz Global Holdings CEO.

As previously communicated, Hertz Global said it remains committed to the separation of its equipment rental business.