secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001657853-25-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz Q4 net loss $479M, adj EBITDA loss narrows; FY net loss $2.9B
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- GAAP net loss $479M ($1.56/share) in Q4 2024; revenue $2.0B, down 7% YoY.
- Full year 2024 GAAP net loss $2.9B ($9.34/share) on revenue $9.0B.
- Adj Corporate EBITDA loss narrowed to $357M in Q4 from $382M in Q4 2023.
- Depreciation per unit per month improved 16% YoY to $422; fleet rotation to normalize DPU expected by end of 2025.
- Corporate liquidity $1.8B; EV fleet reduction of 30,000 units completed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785325000011/0001657853-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785325000011/htz-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001657853-25-000011

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