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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.
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.
Herc Holdings reported strong second-quarter results, with equipment rental revenue rising 35.1% to $605.4 million and total revenues increasing 30.5% to $640.4 million. Net income surged 53.3% to $72.2 million, or $2.38 per diluted share. Adjusted EBITDA grew 36.8% to a record $284.2 million, with a margin expansion of 210 basis points to 44.4%. The company amended its credit facility to $3.5 billion and announced a share repurchase plan, aiming to enhance shareholder value amidst market fluctuations.
Herc Holdings Inc. (NYSE: HRI) will host its second quarter 2022 earnings call on Thursday, July 21, at 8:30 a.m. EDT. A press release will be issued the same day with financial results. Participants can access the call via a dial-in number or listen live through the company's website. The archived call will be available for two weeks post-event. Herc Holdings operates through Herc Rentals Inc. and has over 325 locations in North America, generating approximately $2.1 billion in total revenues in 2021.
The board of Herc Holdings has declared a quarterly dividend of
Herc Holdings Inc. (NYSE: HRI) announced that its CEO Larry Silber and CFO Mark Irion will participate in a virtual fireside chat at the Wells Fargo Industrials Conference on May 4, 2022, at 10:00 AM ET in New York City. Investors can access the event through the provided link or via the Company's investor relations page. Herc Holdings is a leading equipment rental supplier in North America with over $2.1 billion in total revenues for 2021 and approximately 5,700 employees, offering a diverse portfolio of rental equipment.
Herc Holdings reported impressive first-quarter 2022 results with equipment rental revenue soaring 31.6% to $526.8 million and total revenues rising 25.0% to $567.3 million. Net income reached $58.5 million or $1.92 per diluted share, a 77.8% increase year-over-year. Adjusted EBITDA rose 28.3% to $236.8 million with a margin of 41.7%. The company anticipates adjusted EBITDA for 2022 to grow 31% to 39% over 2021. Despite increased operating expenses, strong demand and operational execution drove these results.
Herc Holdings Inc. (NYSE: HRI) is set to host its Q1 2022 earnings call on April 21 at 8:30 a.m. EDT, with results to be released prior to the call. Interested parties can participate via conference call or webcast, with details available on the company's Investor Relations site. Herc Holdings, a leading equipment rental supplier in North America, reported total revenues of approximately $2.1 billion in 2021 and operates 312 locations. The earnings call aims to provide updates on financial performance and business strategy.
Herc Holdings Inc. (NYSE: HRI) has signed a purchase agreement to acquire Cloverdale Equipment Company, enhancing its equipment rental presence particularly in the Great Lakes region. With approximately 120 employees across four locations in Detroit, Grand Rapids, Cleveland, and Pittsburgh, Cloverdale adds strategic coverage and operational depth. The acquisition is expected to close in Q2 2022 and is projected to be accretive to earnings within the first year, aligning with Herc's strategy to expand its market footprint and improve service capabilities.
Herc Holdings Inc. (NYSE: HRI) announced participation in the Bank of America Securities Global Industrials Conference on March 17, 2022, featuring CEO Larry Silber and CFO Mark Irion in a virtual fireside chat at 9:55 AM ET. Investors can access the chat via the link provided. Herc Holdings operates through its subsidiary Herc Rentals Inc., boasting 312 locations in North America and 2021 revenues of approximately $2.1 billion. The company offers a broad range of equipment rental solutions designed for efficiency and safety.
Herc Holdings reported strong Q4 2021 results, with equipment rental revenue soaring by 26.9% to $542.4 million, contributing to total revenues of $578.0 million, an 11.1% increase. Net income jumped to $71.8 million, or $2.36 per diluted share. Adjusted EBITDA rose 31.1% to $256.5 million, with a margin expansion of 680 basis points to 44.4%. For the full year, equipment rental revenue reached $1,910.4 million, a 23.8% increase. The company raised its adjusted EBITDA guidance for 2022 to between $1,075 million and $1,175 million.
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