Although Hertz Global Holdings Inc. generated total quarterly revenues of $1.9 billion, the Estero-based company reported a net loss of $260 million, or $1.52 loss per share, during the final quarter of 2021 with an adjusted net income of $426 million. Strong cost performance drove 91 cents of adjusted earnings per share and $628 million of adjusted corporate EBITDA in the quarter, both of which were fourth-quarter records for the company. For the full year 2021, the company generated total revenues of $7.3 billion and adjusted earnings per share of $4.39. Adjusted Corporate EBITDA was a record $2.1 billion, a margin of 29%. Liquidity at the end of 2021 was $3.2 billion after giving effect to the redemption of the company’s preferred shares and the repurchase of 27.5 million shares of its common stock, both of which occurred during the fourth quarter.
Three retailers are opening locations this week at Babcock Ranch. Ace Hardware and Marshalls will open May 1 and Five...
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