HERTZ CORP 8K

Hertz Global Holdings, Inc. furnished its Q2 2026 earnings release reporting strong revenue and EBITDA improvement, solid liquidity, and continued progress on its transformation and mobility growth initiatives despite elevated recall-related headwinds.

Hertz Global Holdings, Inc. reported its second quarter 2026 results on August 6, 2026, highlighting 10% year-over-year revenue growth to $2.4 billion driven by record second-quarter revenue per day, improved revenue per unit metrics, and stronger pricing despite a slightly smaller fleet and elevated recall activity, while posting GAAP net income of $64 million but an adjusted net loss of $47 million. The company delivered a $63 million year-over-year increase in Adjusted Corporate EBITDA to $81 million, above the top end of its revised guidance, maintained total utilization at 79% (81% excluding recalls), and kept net depreciation per unit per month at $302 in line with guidance as it operates one of its youngest U.S. fleets in over a decade. Hertz ended the quarter with approximately $984 million of liquidity and completed a $350 million issuance of Exchangeable First Lien Notes due 2030 (plus a $30 million greenshoe in July), supporting liquidity slightly above $1 billion pro forma, while continuing to advance its long-term transformation strategy across Rent-a-Car, Service, Fleet, and Mobility, including growing its Oro Mobility affiliate and preparing for an autonomous vehicle partnership rollout in the San Francisco Bay Area later in the year.

Filing Facts

CIK

47129

Ticker

-

Form

8K

Source Type

sec

Accession

0001657853-26-000045

Alert Tier

7