Hertz Files Restated Results for 2012-2014; Flat Q115 for HERC
Hertz Global Holdings today filed its Annual Report on form 10-K for 2014, including the restated results for 2012 and 2013 as well as selected unaudited restated financial information for 2011. The company has also filed its quarterly report for the first quarter of 2015.
Hertz said it is progressing on its planned separation of its equipment rental business, Hertz Equipment Rental Corp. With the company's financial restatement finalized, Hertz is now focused on completing the audited carve out financial statements for HERC and requisite SEC filing activities for the separation.
Hertz announced worldwide equipment rental for HERC in the first quarter of 2015 of $355 million, compared to $358 million in 2014. Total Hertz revenue for the first quarter of 2015 was $2.454 billion, compared to $2.536 million in the first quarter of 2014.
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.