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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.

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Herc Holdings (NYSE: HRI) announced that it will release its second quarter 2024 financial results on July 23, 2024, before the market opens. Following the release, the company will hold an investor conference call at 8:30 a.m. ET to review the results. The conference call will likely include discussions on material business, financial, or other information not included in the press release. Interested parties can access the live webcast of the event at the company's Investor Relations website or via a specified link. For U.S. participants, the call can be accessed by dialing +1-800-715-9871. International participants can find the appropriate dial-in numbers through a provided directory link. An access code (9128891) is required for joining the call. Participants are advised to dial in 10 to 15 minutes before the scheduled start. A replay of the call will be available on the company website for 12 months.

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Herc Holdings (NYSE: HRI) announced an upsized offering of $800 million in 6.625% senior unsecured notes due 2029. This increase from the initial $500 million offering was well-received, and the closing is anticipated around June 7, 2024, subject to customary conditions. The notes, guaranteed by current and future domestic subsidiaries, aim to repay part of the company's senior secured asset-based revolving credit agreement and cover associated costs. The offering was made under Rule 144A and Regulation S of the Securities Act, targeting qualified institutional buyers in the U.S. The notes are not registered under the Securities Act and cannot be offered in the U.S. without registration or an applicable exemption.

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Herc Holdings announced a proposed private offering of $500 million in senior unsecured notes due 2029. These notes will be offered to qualified institutional buyers in the U.S. and internationally, exempt from registration under the Securities Act of 1933. The proceeds will be used to repay part of the company's existing debt under its revolving credit agreement and to cover related fees and expenses. The notes will bear interest payable semi-annually and will be guaranteed by Herc Holdings' domestic subsidiaries. The specific terms will be determined at the time of pricing.

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Herc Holdings has announced a regular quarterly dividend of $0.665 per share. This dividend will be paid on June 14, 2024, to shareholders recorded by May 31, 2024. Herc Holdings continues to be a leading equipment rental supplier in North America, underscoring its commitment to returning value to shareholders.

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Herc Holdings Inc. (NYSE: HRI) will participate in the Bank of America Transportation Airlines & Industrials Conference 2024 in New York City on May 14, 2024. The company's president and CEO, Larry Silber, and CFO, Mark Humphrey, will be part of a fireside chat discussion and webcast. Investors can access the webcast through the provided links.

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Herc Holdings reported strong first-quarter 2024 results with record revenues of $804 million, a 9% increase. Net income decreased by 3%, adjusted EBITDA increased by 10% to $339 million, and rental pricing saw a 5.1% increase year-over-year. The company added 15 new locations through M&A and greenfield openings. Herc Holdings affirmed its full-year 2024 guidance, expecting 7-10% revenue growth and adjusted EBITDA of $1.55 billion to $1.60 billion.
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Herc Holdings Inc. (HRI) will release its first quarter 2024 financial results on April 23, 2024, followed by an investor conference call. Management will discuss important information not in the press release. Webcast and replay details are provided for participants.
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Herc Holdings Inc. announces the nomination of Lorin Crenshaw as a new Director at the 2024 Annual Meeting of Stockholders. Mr. Crenshaw brings over 25 years of financial experience and currently serves as the CFO of Compass Minerals International, Inc.
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Herc Holdings Inc. announced that its CEO and CFO will participate in the Bank of America Global Industrials Conference in London. The fireside chat and webcast are scheduled for March 20, 2024, providing investors with insights into the company's operations and financial outlook.
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Herc Holdings Inc. (HRI) announced that its U.S. business received Great Place to Work® Certification™, with 87% of team members voting it a great place to work, 30% higher than the U.S. average. The Canadian business earned this certification earlier. Larry Silber, Herc Rentals president, emphasized the company's focus on a best-in-class culture.
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FAQ

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

4.10B
28.37M
1.36%
94.56%
2.36%
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Real Estate and Rental and Leasing
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United States of America
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