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Herc Holdings Inc. - HRI STOCK NEWS

Welcome to our dedicated page for Herc Holdings news (Ticker: HRI), a resource for investors and traders seeking the latest updates and insights on Herc Holdings stock.

Herc Holdings Inc. (NYSE: HRI), a premier full-service equipment rental company, has been a cornerstone in the equipment rental industry for over 50 years. Spun out of Hertz Global in 2016, Herc Holdings is now the third-largest equipment rental firm in North America, with an impressive fleet valued at $6.4 billion. Operating approximately 270 locations across the U.S. and Canada, and employing around 4,800 professionals, Herc Holdings serves a diverse clientele across various sectors.

The company provides comprehensive rental solutions to the construction and industrial segments, as well as government entities, railroads, infrastructure projects, remediation, emergency response, entertainment and events, and facilities maintenance. Herc Holdings is renowned for its extensive catalog, which includes aerial lifts, earthmoving equipment, material handling machinery, and a variety of specialty items.

Herc Holdings' strategic approach involves not only short-term rentals but also long-term commitments, particularly with industrial customers. This allows Herc to maintain its own staff at customer sites, ensuring seamless operations and superior service. The company's continuous investments in technology and equipment upgrades reflect its dedication to meeting client needs and staying ahead in the competitive market.

Recent achievements of Herc Holdings include expanding its fleet, enhancing customer service capabilities, and forging new partnerships. The company's financial health remains robust, backed by consistent revenue growth and strong market positioning. Herc Holdings' commitment to sustainability and operational excellence has solidified its reputation as a reliable partner in the equipment rental industry.

For the latest updates, news, and developments related to Herc Holdings Inc., stay tuned to this page and ensure you are informed about the company's performance and market activities.

Rhea-AI Summary
Herc Holdings, Inc. (NYSE: HRI) declares a quarterly dividend of $0.6325 per share, payable on December 26, 2023, to shareholders of record as of December 11, 2023.
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Herc Holdings Inc. announced strong progress towards its three-year strategies and introduced new performance targets. The company aims to grow its core business, expand specialty equipment offering, elevate technology, integrate ESG, and allocate capital. They also introduced a new operating system called E3OS.
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Herc Holdings Inc. (NYSE: HRI) is hosting an Investor Day at its headquarters in Bonita Springs, Fla. The event will be webcast live and will feature senior management providing updates on the company's long-term strategies, financial performance, and capital allocation priorities. They will also introduce new three-year financial targets.
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Herc Holdings Inc. reports record total revenues of $908 million in Q3 2023, an increase of 22%. Net income increased to $113 million, or $3.96 per diluted share, an increase of 18%. Rental pricing increased 6.9% year-over-year. The company is exploring strategic alternatives for its Cinelease studio entertainment business.
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Herc Holdings reports strong Q3 2023 results with record total revenues of $908 million, an increase of 22%. Net income increased to $113 million, or $3.96 per diluted share, an increase of 18%. Adjusted EBITDA of $410 million increased 19%; adjusted EBITDA margin at 45.2%. Rental pricing increased 6.9% year-over-year. The company is exploring strategic alternatives for its Cinelease studio entertainment business.
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Herc Holdings to host Investor Day to provide progress update and introduce new performance targets
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Herc Holdings Inc. to release Q3 2023 financial results on October 24, 2023.
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Herc Holdings, Inc. (NYSE: HRI) declares a quarterly dividend of $0.6325 per share, payable on September 1, 2023, to shareholders of record as of August 18, 2023.
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Herc Holdings Inc. (NYSE: HRI) reported record equipment rental revenue of $702 million, total revenues of $802 million, and net income of $76 million in the second quarter of 2023. Adjusted EBITDA increased 24% to $352 million, with rental pricing up 7.8% year-over-year. The company reaffirms its full year 2023 adjusted EBITDA guidance range of $1.45 billion to $1.55 billion.
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FAQ

What is the current stock price of Herc Holdings (HRI)?

The current stock price of Herc Holdings (HRI) is $222.92 as of November 22, 2024.

What is the market cap of Herc Holdings (HRI)?

The market cap of Herc Holdings (HRI) is approximately 6.2B.

What does Herc Holdings Inc. do?

Herc Holdings Inc. is a full-service equipment rental company serving various sectors including construction, industrial, and government entities.

How long has Herc Holdings been in the equipment rental industry?

Herc Holdings has over 50 years of experience in the equipment rental industry.

Where does Herc Holdings operate?

Herc Holdings operates approximately 270 locations primarily in the U.S. and Canada.

What is the value of Herc Holdings' fleet?

Herc Holdings' fleet is valued at $6.4 billion.

Who are the main customers of Herc Holdings Inc.?

Herc Holdings serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies.

What types of equipment does Herc Holdings rent out?

Herc Holdings rents out a variety of equipment including aerial lifts, earthmoving machinery, material handling equipment, and specialty items.

When was Herc Holdings spun out of Hertz Global?

Herc Holdings was spun out of Hertz Global in 2016.

What is Herc Holdings' approach to long-term rentals?

Herc Holdings offers long-term rentals to industrial customers, maintaining its own staff at customer sites to provide ongoing support.

How many employees does Herc Holdings have?

Herc Holdings employs approximately 4,800 people.

What recent projects or achievements has Herc Holdings accomplished?

Recent achievements include fleet expansion, enhanced customer service capabilities, and new partnerships.

Herc Holdings Inc.

NYSE:HRI

HRI Rankings

HRI Stock Data

6.23B
28.09M
1.03%
98.02%
3.47%
Rental & Leasing Services
Services-miscellaneous Equipment Rental & Leasing
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United States of America
BONITA SPRINGS