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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.
The board of Herc Holdings has declared a quarterly dividend of $0.575 per share, payable on June 10, 2022, for shareholders of record as of May 27, 2022. With a robust presence of 326 locations across North America and total revenues of approximately $2.1 billion in 2021, Herc Holdings continues to solidify its position as a leading equipment rental supplier. Their extensive equipment offerings and services aim to enhance customer efficiency, safety, and effectiveness.
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.
Herc Holdings Inc. (HRI) has announced a quarterly dividend of $0.575 per share, marking a 15% increase from the previous dividend of $0.50 declared in Q4 2021. This dividend will be payable on March 10, 2022, to shareholders of record as of February 23, 2022. The annualized dividend now stands at $2.30 per share compared to $2.00 previously. The company’s president emphasizes a commitment to sustainable long-term value through disciplined capital deployment and plans for future growth.
Herc Holdings Inc. (NYSE: HRI) will host its fourth quarter and full year 2021 earnings call on February 10 at 8:30 a.m. EST. A press release with financial results will be issued prior to the call. Interested parties can listen live via the Company’s Investor Relations website. Dial-in numbers for participants are +1-877-883-0383 for U.S. callers and +1-412-902-6506 for international callers. A replay will be available for two weeks post-call. Herc Holdings had total revenues of approximately $1.8 billion in 2020.
Herc Holdings Inc. (NYSE: HRI) has elected Rakesh Sachdev as a director on its Board, effective December 2, 2021. Mr. Sachdev brings extensive experience as a former CEO of Platform Specialty Products and Sigma Aldrich, along with significant financial and operational leadership roles. Concurrently, Mary Pat Salomone retires from the board, concluding her tenure since the company's independence. Herc Holdings operates around 300 locations and reported total revenues of approximately $1.8 billion in 2020, focusing on equipment rental services.