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.
