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Aug 8 2018 Avis Budget Group Reports Strong Second Quarter 2018 Results Revenue grew 4% to a record $2.3 billion in the second quarter
Significant improvements in per-unit fleet costs and utilization
Net Income improved to $26 million and Adjusted Net Income increased 84% to $46 million, or $0.57 per diluted share
Adjusted EBITDA increased 15% to $161 million
Company authorizes additional $250 million of future share repurchases and updates its full-year projected 2018 results
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