secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001657853-24-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz reports Q1 GAAP net loss $186M; adjusted EBITDA negative $567M
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- GAAP net loss $186M ($0.61 loss per diluted share); adjusted net loss $392M ($1.28 per share).
- Adjusted Corporate EBITDA -$567M (-27% margin) vs +$237M in Q1 2023.
- Vehicle depreciation surged $588M YoY, including $195M charge for EVs held for sale.
- EV disposition plan increased by 10k to 30k vehicles for sale in 2024.
- Revenue up 2% to $2.1B; transaction days up 9% but RPD down 7%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785324000060/0001657853-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785324000060/htz-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001657853-24-000060

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