Earnings call briefThird-quarter 2026
Hertz Global now expects negative fourth-quarter adjusted corporate EBITDA
Hertz Global said its 2027 adjusted corporate EBITDA outlook of $500 million to $800 million does not assume any impact from additional franchise conversions.
GetSignal Hertz Global Holdings HTZ
Hertz Global said on its third-quarter call that it now expects fourth-quarter adjusted corporate EBITDA of negative $50 million to $100 million, lower than its prior view. It attributed the change to softness in international markets, lower TSA volumes and elevated collision and maintenance costs. It now expects year-end liquidity of approximately $800 million, down from approximately $1 billion, excluding any strategic transactions.
Quotes from the call
“In total, we expect adjusted corporate EBITDA to be in the negative $50 million to $100 million range.”
“We expect adjusted corporate EBITDA to be in the range of $500 million to $800 million for next year; the middle of this range is similar to our prior views of 2027 being at least cash flow breakeven.”
Key facts from the call
- Fourth-quarter adjusted corporate EBITDA outlook
- Negative $50 million to $100 million, lower than prior view
- 2027 adjusted corporate EBITDA outlook
- $500 million to $800 million
- Year-end liquidity outlook
- Approximately $800 million, down from approximately $1 billion
Source: Hertz Global's third-quarter 2026 earnings call, November 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
More earnings call briefs
- Constellation Energy expects nuclear uprate costs of about $4.3 billion
CEG Constellation Energy Q3 2026 call
- Howard Hughes Holdings says its insurance ambition is a return on equity in excess of 20%
HHH Howard Hughes Holdings Q3 2026 call
- Brookfield Asset Management now sees 2026 earnings modestly below early view
BAM Brookfield Asset Management Q3 2026 call
- Enbridge says it expects 2026 results at the midpoint of its guidance range
ENB Enbridge Q3 2026 call
- TeraWulf sees about half of contracted IT capacity earning revenue by end of Q1
WULF TeraWulf Q3 2026 call
