{"schema_version":"secwatch.filing_event.v1","accession":"0001657853-23-000154","form_type":"8-K","ticker":"HTZ","cik":"0001657853","company_name":"HERTZ GLOBAL HOLDINGS, INC","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.966261+00:00","generated_at":"2026-06-09T08:36:52.452722+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Hertz Q3 revenue record $2.7B, but adjusted net income down 44% and EBITDA margin halved to 13%","bullets":["Revenue $2.7B (+8% YoY); GAAP net income $629M ($0.92 diluted EPS); adjusted net income $230M ($0.70 adjusted diluted EPS).","Adjusted Corporate EBITDA $359M (13% margin), down 42% from $618M (25% margin) a year ago; depreciation per unit +52% to $282.","Americas RAC revenue $2.172B (+6%) but adjusted EBITDA $302M (14% margin), down from $564M (28% margin); International RAC EBITDA $109M (21% margin).","Volume +16% YoY; vehicle utilization 83% (+320 bps); company repurchased $50M of common stock (3.0M shares) during the quarter.","Corporate liquidity $1.7B at quarter-end; operating cash flow $851M, adjusted free cash flow $313M."],"urls":{"canonical":"https://secwatch.observer/filing/0001657853-23-000154","json":"https://secwatch.observer/filing/0001657853-23-000154.json","markdown":"https://secwatch.observer/filing/0001657853-23-000154.md","text":"https://secwatch.observer/filing/0001657853-23-000154.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1657853/000165785323000154/0001657853-23-000154-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/47129/000165785323000154/htz-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T08:36:52.452722+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9127a0576135c428900c417840b345e8250f235e","claim":"HERTZ GLOBAL HOLDINGS, INC reported the quarter ended September 30, 2023 results: revenue $2.7 billion, net income $629 million, EPS $0.92 per diluted share.","evidence_excerpt":"HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1657853/000165785323000154/0001657853-23-000154-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$2.7 billion"},{"label":"Net income","value":"$629 million"},{"label":"EPS","value":"$0.92 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}