Herc Holdings Stock Price, News & Analysis

Herc Holdings reported strong financial results for Q2 2021, with equipment rental revenue rising 36.8% to $448 million and total revenue increasing 33.4% to $490.9 million. Net income surged to $47.1 million, or $1.55 per diluted share, compared to $2 million in Q2 2020. The company raised its adjusted EBITDA guidance for the year to between $840 million and $870 million, reflecting improved operating efficiencies and market demand. Q1-Q2 2021 generated $141.1 million in free cash flow, with net leverage dropping to 1.9x, below its target range.

Herc Holdings Inc. (NYSE: HRI) will host its second quarter 2021 earnings call on July 22, 2021, at 8:30 a.m. EDT. A press release with financial results will precede the call. Shareholders can participate by dialing in ahead of the start time. Herc Holdings, a leading equipment rental supplier with 282 locations in North America, reported revenues of approximately $1.8 billion in 2020. The company offers a diverse range of equipment for rent and aims to assist customers in working efficiently and safely.

Herc Holdings Inc. (NYSE: HRI) will participate in the Goldman Sachs Industrials & Materials Conference on May 12, 2021. The event will feature a live webcast of a fireside chat with CEO Larry Silber and CFO Mark Irion at 9:40 AM EDT. A recording will be available on the company’s website for 30 days post-event.

Herc Holdings operates approximately 282 locations across North America, offering a wide range of equipment rentals and services. In 2020, the company reported total revenues of approximately $1.8 billion.

Herc Holdings reported strong financial results for Q1 2021, with equipment rental revenue at $400.4 million, a 3.6% increase year-over-year. Total revenues rose 4.0% to $453.8 million. The company achieved net income of $32.9 million, compared to a loss of $3.7 million the previous year. Adjusted EBITDA surged 25.0% to $184.6 million, with a record margin of 40.7%. Cash flow improved to $72.5 million from $39.2 million in 2020. Updated guidance for adjusted EBITDA now ranges from $800 million to $840 million.

Herc Holdings Inc. (NYSE: HRI) is set to host its first quarter 2021 earnings call on April 22, 2021, at 8:30 a.m. EDT. A press release detailing the financial results will be published the same day. The call and accompanying presentation can be accessed via the Investor Relations section of their website. Participants can dial in using U.S. and international numbers provided, and a replay will be available online for two weeks following the event.

Herc Holdings Inc. (NYSE: HRI) announced its participation in the Bank of America Securities Global Industrials Conference on March 16, 2021. CEO Larry Silber and CFO Mark Irion will engage in a fireside chat from 10:50 to 11:30 AM EDT. The event will be accessible via a live link. Herc Holdings operates through its subsidiary Herc Rentals Inc., boasting 277 locations in North America and approximately 4,800 employees. The company reported total revenues of around $1.8 billion in 2020, providing a wide range of rental equipment and industry-specific services.

Herc Holdings (NYSE: HRI) reported Q4 2020 financial results, with equipment rental revenue at $427.3 million, down from $457.0 million year-over-year. Total revenues were $520.4 million, a decrease from $540.1 million. Net income rose slightly to $35.5 million, or $1.19 per diluted share, compared to $35.1 million in Q4 2019. Adjusted net income was $40.2 million, reflecting improved free cash flow of $424.5 million for the year. The company anticipates 2021 adjusted EBITDA between $730 million and $760 million, aiming for pre-pandemic profitability levels.

Herc Holdings Inc. (NYSE: HRI) will hold its fourth quarter and full year 2020 earnings call on February 18, 2021, at 8:30 a.m. ET. The financial results will be released on the same day, prior to the call. Interested parties can access the call via dial-in numbers or by visiting the Investor Relations section on the company's website. A replay will be available for two weeks following the call. Herc Holdings operates approximately 270 rental locations in North America, providing a full range of equipment for rent with total revenues of approximately $2.0 billion in 2019.

Herc Holdings Inc. (NYSE: HRI) has acquired substantially all assets of Champion Rentals, Inc. based in Houston. This deal increases Herc Rentals' Houston locations to 12, enhancing its service capabilities in a critical market for contractors and government clients. Established in 1982, Champion is known for its premium equipment and customer service. The acquisition aligns with Herc's strategy to grow its presence in key urban areas and is expected to positively impact earnings in the first year. Herc's solid financial standing supports its future growth initiatives.