Hertz's Strategic Fleet Rotation and Asset Management
The fleet strategy, Buy Right, Hold Right, Sell Right, has been central to reducing depreciation and optimizing asset value, contributing to the quarter's financial turnaround.
Younger fleet composition has driven better operational metrics, including higher utilization and lower maintenance costs, supporting the company's profitability goals.
The company is leveraging digital partnerships, such as Cox Automotive, to support a fully digital vehicle sales channel, expanding reach and efficiency in disposition.
Hecla is actively reviewing its asset portfolio, with a focus on Casa Berardi, which is progressing well and expected to be updated in the coming weeks.
The company emphasizes a disciplined approach to value creation, prioritizing early-stage assets over fully valued producing assets.
The strategic review aims to optimize assets for better returns, including potential divestments of non-core properties and exploration assets.
Dafinchi