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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.
Herc Holdings Inc. reported robust financial results for the fourth quarter and full year ended December 31, 2022. Equipment rental revenue surged 31.5% to $713.1 million, while total revenues reached $786.0 million, up 36.0%. Net income rose 36.2% to $97.8 million, translating to $3.27 per diluted share. For the full year, equipment rental revenue increased 33.6% to $2,551.5 million, with total revenues at $2,738.8 million, a 32.1% increase. Adjusted EBITDA for the year climbed 37.2% to $1,227.2 million, reflecting strong demand and pricing. The company anticipates 2023 adjusted EBITDA of $1.45 billion to $1.55 billion, showcasing continued growth potential.
Herc Holdings, Inc. (NYSE: HRI) has announced a 10% increase in its quarterly dividend, raising it by
Herc Holdings Inc. (NYSE: HRI) will host its fourth quarter and full year 2022 earnings call on February 14 at 8:30 a.m. Eastern Standard Time. A press release detailing financial results will be issued prior to the call. The event will include management's review of the company's performance and discussion of potentially material business and financial information not included in the press release.
Interested parties can access the call through the Investor Relations section on the company's website or by dialing in with provided phone numbers. A replay will be available for 12 months post-event.
The board of Herc Holdings Inc. has declared a quarterly dividend of $0.575 per share, payable on December 27, 2022, to shareholders of record as of December 12, 2022. Herc Holdings, operating through Herc Rentals, is a leading equipment rental supplier in North America with approximately 350 locations and reported total revenues of around $2.1 billion in 2021. The company employs around 6,400 staff, providing a broad portfolio of equipment and services to enhance operational efficiency for its customers.
Herc Holdings Inc. (NYSE: HRI) will participate in the Baird Global Industrial Conference on November 10, 2022, in Chicago, Illinois. Senior management, including Larry Silber and Mark Irion, will hold a webcast at 9:05 AM CT, which will be available for archive on the company’s website for 90 days.
Herc Holdings operates over 350 rental locations in North America and reported $2.1 billion in revenues in 2021, providing a wide range of equipment rentals and industry-specific services.
Herc Holdings Inc. (NYSE: HRI) has appointed Leslie Hunziker as senior vice president of investor relations and communications. Hunziker will lead the company's investor relations program and succeed Elizabeth Higashi and Paul Dickard, who will retire in late 2023. Hunziker has a robust background in investor relations, previously serving at Wesco International and Hertz Global Holdings. Larry Silber, CEO, expressed confidence in Hunziker advancing Herc's strategic initiatives.
Herc Holdings reported robust financial results for Q3 2022, with equipment rental revenue surging 35.9% to $706.2 million and total revenues up 35.4% to $745.1 million. Net income jumped 40.2% to $101.4 million, equivalent to $3.36 per diluted share. Adjusted EBITDA rose 40.3% to $345.0 million, with a margin increase of 160 basis points to 46.3%. The company repurchased approximately 540,000 shares and raised its FY 2022 adjusted EBITDA guidance to a growth range of 36% to 40%.
Herc Holdings Inc. (NYSE: HRI) will conduct its third quarter 2022 earnings call on October 20 at 8:30 a.m. EDT. A press release detailing financial results will be issued prior to the call. Shareholders can access the call via the Investor Relations section of the company’s website. Herc Holdings, a top equipment rental supplier in North America with over 350 locations, reported approximately $2.1 billion in total revenues for 2021. The call can also be joined using dial-in numbers provided in the PR.
The board of directors of Herc Holdings has declared a quarterly dividend of $0.575 per share. This dividend is payable to shareholders of record on August 19, 2022, with a payment date of September 2, 2022. Herc Holdings operates through its subsidiary, Herc Rentals, and is a leading equipment rental supplier in North America with around 333 locations. The company reported total revenues of approximately $2.1 billion in 2021, serving various industries through an extensive portfolio of rental equipment.
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