Enterprise Holdings Inc. said Tuesday its revenue rose 6.5 percent to $22.3 billion in the fiscal year ending July 31, more than doubling since the company's acquisition of National Car Rental and Alamo Rent A Car a decade earlier.
"Our total revenues not only continued to increase significantly during FY2017, but they actually more than doubled during the last decade along with our fleet size. In addition, since 2007, we have grown our share of the U.S. airport business 10 percentage points," to 38 percent, said CEO Pam Nicholson in a statement.
The world's largest car-rental company's fleet now totals 1.9 million vehicles, and has 100,000 employees in 9,900 locations in more than 90 countries.
Enterprise, a privately owned company, does not disclose net income. The company's revenue total includes the company's affiliate Enterprise Fleet Management.
Enterprise is also expanding its international position, establishing franchise locations in Argentina, Armenia, Curacao, Georgia, Paraguay and Vietnam. The company is also expanding its car sales business, which sold 12 percent more cars during fiscal year 2017 than the prior fiscal year. It did not disclose a vehicle sales total.
"These kinds of milestones are achieved only one way in an industry as competitive as ours," Nicholson said. "They are a direct result of our employees' incredible work ethic and their all-in focus on customer service excellence and efficient operations."
The St. Louis company, owned by the Taylor family, includes such brands as Enterprise Rent-A-Car, National Car Rental, Alamo Rent A Car, Enterprise Ride Share and Enterprise CarShare.