Table of Contents Commission File NumberExact Name of Registrant as Specified in its Charter, Principal Executive Office Address, Zip Code and Telephone NumberState of IncorporationI.R.S. Employer Identification No. 001-37665 HERTZ GLOBAL HOLDINGS, INC. Delaware 61-1770902 8501 Williams Road, Estero, Florida 33928 (239) 301-7000 001-07541 THE HERTZ CORPORATION Delaware 13-1938568 8501 Williams Road, Estero, Florida 33928 (239) 301-7000 Title of each classTrading Symbol(s)Name of each exchange on which Regis ...

Overview - Hertz reported third quarter 2024 revenue of $2.6 billion, a decrease of 5% compared to $2.7 billion in the same period last year [2][12] - The company experienced a GAAP net loss of $1.3 billion, translating to a negative margin of 52%, or a loss of $4.34 per diluted share [2][9] - Adjusted net loss was $208 million, or $0.68 loss per diluted share, compared to a profit of $230 million in the prior year [2][9] - Adjusted Corporate EBITDA was negative $157 million, down from positive $359 million in the previous year [2][9] Financial Performance - The company recorded a non-cash asset impairment charge of $1.0 billion due to declining fleet residual values [2][9] - Vehicle depreciation increased significantly to $937 million, up from $501 million in the prior year [2][9] - Direct vehicle and operating expenses decreased to $1.47 billion, down from $1.50 billion year-over-year [9][12] - Corporate liquidity stood at $1.6 billion as of September 30, 2024 [2] Operational Insights - Average vehicles in the fleet decreased by 1% to 583,516 units compared to 590,489 units in the previous year [2][12] - Vehicle utilization rate was 82%, down from 83% year-over-year [2][12] - The company aims to complete its fleet rotation by the end of 2025, expecting depreciation per unit to normalize to under $300 [2][9] Segment Performance - The Americas RAC segment generated revenues of $2.06 billion, a 5% decline from $2.17 billion in the prior year [2][12] - The International RAC segment reported revenues of $514 million, down 3% from $531 million [2][12] - Adjusted EBITDA for the Americas RAC segment was negative $169 million, compared to positive $302 million in the previous year [2][12] Cash Flow and Debt - GAAP operating cash flow was $894 million, while adjusted operating cash outflow was $132 million [2][9] - Total debt increased to $16.96 billion from $15.69 billion year-over-year [10][12] - The company reported a net cash used in investing activities of $487 million for the quarter [11]

In its upcoming report, Hertz Global Holdings, Inc. (HTZ) is predicted by Wall Street analysts to post quarterly loss of $0.50 per share, reflecting a decline of 171.4% compared to the same period last year. Revenues are forecasted to be $2.72 billion, representing a year-over-year increase of 0.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 6.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial project ...

Today, Hertz (NASDAQ: HTZ ) announced that it is helping citizens in communities across the nation get to the polls with its Free Day on Election Day promotion. Customers will get one day free* when they reserve a car for at least two days and pick up October 21 through November 5 at participating Hertz neighborhood locations.Why: "Hertz has thousands of locations in communities across the country and we want to make it easier for people to exercise their right to vote by providing greater access to reliabl ...

ESTERO, Fla., Sept. 19, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) – one of the leading global car rental companies – today announced that Lauren Fritts will join the company as Senior Vice President and Chief Communications Officer, effective Sept. 30. In this role, Fritts will report to CEO Gil West and oversee Hertz's global communications functions, with a focus on strengthening the company's brand narrative and strategy, enhancing internal and external communications, driving impact ...

ESTERO, Fla., Aug. 27, 2024 /PRNewswire/ -- Hertz Global Holdings, Inc. (NASDAQ: HTZ) – one of the leading global rental car companies – announced that its Board of Directors is increasing the size of the Board from nine to 11 and is electing Mr. Francis "Frank" Blake and Ms. Lucy Clark Dougherty to serve as directors, effective today. Frank Blake, Hertz Board MemberFrank Blake, Hertz Board Member Lucy Clark Dougherty, Hertz Board MemberLucy Clark Dougherty, Hertz Board Member HertzHertz Blake is the retire ...

HERTZ GLOBAL HOLDINGS INC. Q2 2024 EARNINGS PRESENTATION August 1, 2024 Hertz dollo IMPORTANT DISCLOSURES FORWARD-LOOKING STATEMENTS Certain statements made within this presentation contain forward-looking statements. Forward-looking statements are not guarantees of future performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Any forward-looking information relayed in this presentation speaks only as of August 1, 2024, and Hertz Global Holdings, Inc. (" ...

Hertz Global Holdings, Inc. (NASDAQ:HTZ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Johann Rawlinson - VP, IR Gil West - Chair and CEO Scott Haralson - CFO Sandeep Dube - CCO Darren Arrington - EVP, Revenue Management and Fleet Acquisition Conference Call Participants Chris Woronka - Deutsche Bank John Healy - Northcoast Research John Babcock - Bank of America Stephanie Moore - Jefferies Ian Zaffino - Oppenheimer Christopher Stathoulopoulos - SIG Operator Welcome to the ...

Hertz Global Holdings, Inc. (HTZ) reported $2.35 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.5%. EPS of -$1.44 for the same period compares to $0.72 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.48 billion, representing a surprise of -4.96%. The company delivered an EPS surprise of -19.01%, with the consensus EPS estimate being -$1.21. While investors scrutinize revenue and earnings changes year-over-year and how they compa ...

Hertz Global Holdings, Inc. (HTZ) came out with a quarterly loss of $1.44 per share versus the Zacks Consensus Estimate of a loss of $1.21. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -19.01%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $1.28, delivering a surprise of -184.44%. Over the last four quarters, the ...