secwatch.observer — SEC 8-K summary
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Issuer:     HERTZ GLOBAL HOLDINGS, INC (HTZ)
CIK:        0001657853
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001657853-25-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hertz returns to Q3 net income of $184M, record utilization 84%, DPU $273
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- Net income of $184M ($0.42 diluted EPS) vs loss of $1.33B a year ago; adjusted EPS $0.12.
- Revenue $2.48B, down 4% YoY; Adjusted Corporate EBITDA surged to $190M from -$157M.
- Vehicle utilization hit 84% (highest since 2018); depreciation per unit per month $273.
- Americas RAC EBITDA $152M (8% margin) vs -$169M; International EBITDA $100M (+59% YoY).
- Ended quarter with over $2.2B liquidity; positive adjusted free cash flow ~$250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657853/000165785325000133/0001657853-25-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/47129/000165785325000133/htz-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001657853-25-000133

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