earnings
confidence high
sentiment positive
materiality 0.75
Hertz Q1 net loss $443M; adj. EBITDA loss narrows 43% to $325M; DPU improves 40%
HERTZ GLOBAL HOLDINGS, INC
2025-Q1 EPS reported
-$1.44
revenue$1,813,000,000
- Net loss $443M vs $186M YoY; adj. diluted EPS -$1.12 vs -$1.28 (improved on adj. basis).
- Adjusted Corporate EBITDA -$325M (improved 43% from -$567M); on track for positive by Q3 2025.
- Depreciation per unit down 40% to $353; targeting sub-$300 DPU in Q2 2025 (faster than prior guide).
- Extended $1.7B RCF maturity to June 2028; also extended $2.9B U.S. ABS and €1.2B European ABS to 2027.
- Revenue $1.8B (-13% YoY); utilization up 240bps to 79%; corporate liquidity $1.2B as of March 31.