Our business benefitted from solid demand and a stable rate environment in the fourth quarter, said Stephen Scherr, Hertz chair and chief executive officer. Nevertheless, we continued to face.
"Our business benefitted from solid demand and a stable rate environment in the fourth quarter," said Stephen Scherr, Hertz chair and chief executive officer..
Net sales for the quarter decreased 6.3% and organic Net sales declined 7.4% versus the prior year in line with the financial outlook.1 Gross margin for the.
Net Sales for the fourth quarter up 2.6% to prior year, driven by organic growth of 2.0%. Gross margin for the fourth quarter of 37.9% and on an adjusted basis 40.0%, up 380 basis points to prior.
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