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Herc Holdings Inc. reports recurring developments tied to its North American equipment rental business, which operates through Herc Rentals Inc. The company is a full-line rental supplier with a classic fleet that includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting equipment.
Company updates commonly cover equipment rental revenue, fleet size, utilization, guidance, integration of acquired rental operations, and participation in large construction and industrial projects. News also includes specialty offerings such as Herc Rentals ProSolutions®, ProContractor professional grade tools, and the ProControl by Herc Rentals™ digital platform, along with investor conference appearances and workplace-related announcements.
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.
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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.
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.