HERTZ GLOBAL HOLDINGS INC
			Symbol			HTZ

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Hertz Reports Improved Third Quarter Profits

2009-10-29 16:31 ET - News Release

PARK RIDGE, NJ -- (MARKET WIRE) -- 10/29/09

Hertz Global Holdings, Inc. (NYSE: HTZ)

--  Adjusted pre-tax income(1) for the quarter increased 15.5% over the
    prior year, to $195.3 million, on 15.7% lower revenues; GAAP pre-tax income
    increased 189% to $75.8 million.
--  Adjusted pre-tax margin of 9.6%, 260 bps better than last year, GAAP
    pre-tax income margin of 3.7% for the quarter, also a 260 bps improvement.
--  Worldwide car rental adjusted pre-tax income of $258.3 million for the
    quarter, a 54.6% increase year-over-year on 11.5% lower revenues, and a
    margin of 14.7%, 630 bps better than last year.
--  Corporate EBITDA(1) of $388.1 million for the quarter, or a margin of
    19.0%, 300 bps better than last year.
--  Worldwide equipment rental Corporate EBITDA margin of 41.9%.
    

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