secwatch.observer — SEC 8-K summary
======================================

Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001657853-22-000091
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz Q3 2022 revenue $2.5B (+12% YoY), net income $577M, adjusted EBITDA $618M
-------------------------------------------------------------------------------

- GAAP diluted EPS $1.33; adjusted diluted EPS $1.08, with adjusted net income $410M down 30% YoY.
- Americas RAC revenue $2,042M (+7% YoY), Adjusted EBITDA $564M (28% margin); International revenue $454M (+46% YoY), Adjusted EBITDA $150M (33% margin).
- Operating cash flow $932M; adjusted free cash flow $505M; corporate liquidity $2.6B (incl $1.0B unrestricted cash).
- Repurchased 27.2M shares for $500M in Q3; $1.4B remaining under authorization as of Oct 20.
- Monthly RPU record $1,685; utilization 80%; depreciation per unit $187, normalizing from low prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785322000091/0001657853-22-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785322000091/htz-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001657853-22-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer