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Sixt:Quarterly Results/2024 Q4: Difference between revisions
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!Key items | !Key items | ||
!Q4 2024 Actual | !Q4 2024 Actual<ref>https://newsroom.hertz.com/news-releases/news-release-details/hertz-reports-fourth-quarter-and-full-year-2024-results</ref> | ||
!Y/Y Growth | !Y/Y Growth | ||
!Analysts estimate | !Q4 2024 Analysts estimate<ref>https://finance.yahoo.com/news/hertz-nasdaq-htz-reports-sales-131849191.html</ref> | ||
|- | |- | ||
|Revenue | |Revenue | ||
| | |$2.04 billion | ||
| | | -6.6% | ||
| | |$2.12 billion | ||
|- | |- | ||
|Adjusted EPS | |Adjusted EPS | ||
| -$1.18 | |||
| | | | ||
| | | -$0.72 | ||
|- | |- | ||
|Revenue per day (Pricing) | |Revenue per day (Pricing) | ||
| | |$57.10 | ||
| | | -2% | ||
| | | | ||
|- | |- | ||
|Fleet utilization | |Fleet utilization | ||
| | |79% | ||
| | | | ||
| | | | ||
|- | |- | ||
|Americas segment revenue | |Americas segment revenue | ||
| | |$1.7 billion | ||
| | | -8% | ||
| | | | ||
|- | |- | ||
|International segment revenue | |International segment revenue | ||
| | |$371 million | ||
| | | -2% | ||
| | | | ||
|- | |- | ||
|Americas RPD (pricing) | |Americas RPD (pricing) | ||
| | |$57.06 | ||
| | | -3% | ||
| | | | ||
|- | |- | ||
|International pricing | |International pricing | ||
| | |$57.26 | ||
| | |2% | ||
| | | | ||
|- | |- | ||
|Fleet interest expense per unit per month | |Fleet interest expense per unit per month | ||
| | |$2 | ||
| | | | ||
| | | | ||
|- | |- | ||
|Depreciation Per Unit Per Month | |Depreciation Per Unit Per Month | ||
| | |$422 | ||
| | | -16% | ||
|} | |} | ||
==== Earnings call summary ==== | |||
Here is the summary for Hertz [https://finchat.io/company/NasdaqGS-HTZ/investor-relations/Q4-2024/ Q4 2024 earnings call]; | |||
==== Pricing ==== | |||
* CEO Gil West said pricing was down 1% y/y in Q4 but there was a 150 basis points improvement from Q4. | |||
* CCO Sandeep Dube said they will continue to focus on high revenue per user (RPU) segments, hence their fleet in Q1 is likely to be smaller. | |||
==== Demand ==== | |||
* Gil West said strong demand continued into Q1, thanks to MLK and upcoming President's Day. | |||
==== Risk vehicles ==== | |||
* Gil West said at the end of 2024, over 60% of their fleet comprised of vehicles one year old or less. | |||
==== Q4 2024 results ==== | |||
* CFO Scott Haralson said the decline in Q4 revenue was largely driven by a decrease in volume, that they remain discipline on capacity and driving utilization. | |||
* Scott said their liquidity remains strong at $1.8 billion. | |||
==== Depreciation ==== | |||
* Scott said used vehicle prices dropped below the forecasted values in Q4 , driving their depreciation numbers above the top-end of their guided range. | |||
* They expect depreciation in Q1 to remain inflated but to move down towards the $300 gross DPU target (Q4 2024: $347) as we progress towards the end of the year. | |||
* Scott said they have seen good trending in used car prices as they entered into 2025 and going forward, they are stabilizing. | |||
==== References ==== | ==== References ==== | ||
<references /> | <references /> | ||