secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001657853-24-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz posts Q4 net loss of $348M; EV write-down drives adjusted EBITDA loss of $382M
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- Q4 revenue $2.2B (+7% YoY); GAAP net loss $348M ($1.14 loss per diluted share) vs net income $116M in Q4 2022.
- Adjusted net loss $418M ($1.36 loss per diluted share); adjusted Corporate EBITDA -$382M (negative 17% margin).
- Includes $245M of incremental net depreciation expense from EVs held for sale; depreciation per unit per month rose to $498 from $242.
- Full-year 2023 revenue $9.4B; GAAP net income $616M ($1.39 diluted EPS); adjusted net income $172M ($0.53 diluted EPS).
- Company repurchased 19.4M shares for $291M during FY 2023; corporate liquidity $2.0B at Dec 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785324000019/0001657853-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785324000019/htz-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001657853-24-000019

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