secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001657853-23-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz reports Q4 revenue $2.0B (+4% YoY); record FY 2022 net income of $2.1B; adjusted EBITDA $2.3B
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- Q4 revenue $2.0B (+4% YoY); GAAP net income $116M, adjusted EPS $0.50.
- Full-year 2022 record net income $2.1B ($3.36 diluted EPS); record adjusted EBITDA $2.3B (27% margin).
- Depreciation per unit per month rose to $244 in Q4 from $55 in Q4 2021, reflecting normalized fleet costs.
- Company repurchased 128M shares in 2022 (28.5% reduction); $1.1B remaining under authorization.
- Corporate liquidity $2.5B at Dec 31; operating cash flow $277M in Q4, adjusted free cash flow $424M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785323000040/0001657853-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785323000040/htz-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001657853-23-000040

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