secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001657853-23-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz Q2 2023 revenue $2.4B (+4% YoY), net income $139M vs $520M last year, adj EBITDA $347M
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- GAAP net income of $139M ($0.44 diluted EPS); adjusted net income $227M ($0.72 adjusted diluted EPS).
- Adjusted Corporate EBITDA $347M (14% margin), down 55% YoY from $764M.
- Fleet depreciation surged to $329M from $106M last year, pressuring earnings.
- Revenue grew 4% to $2.4B; vehicle utilization improved to 82% from 79%.
- Repurchased 6.3M common shares for $100M during quarter; liquidity $1.4B at June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785323000104/0001657853-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785323000104/htz-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001657853-23-000104

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