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) is an equipment rental company that regularly issues news on its operations, financing activities, governance and sustainability efforts. Operating through its Herc Rentals Inc. subsidiary as a full-line rental supplier, the company’s updates provide insight into trends in its rental fleet, branch network and capital allocation decisions across North America.
Investors following HRI news will see recurring announcements on quarterly results, including equipment rental revenue, total revenues, adjusted EBITDA and fleet utilization metrics. Earnings releases often discuss integration progress from acquisitions such as H&E Equipment Services Inc., IT and systems integration milestones, fleet optimization, greenfield branch openings and divestitures like the sale of the Cinelease studio entertainment business.
Herc Holdings also publishes news related to its balance sheet and capital structure. Recent press releases and 8‑K filings describe the pricing and issuance of senior unsecured notes due 2031 and 2034, the planned and completed redemption of 5.50% Senior Notes due 2027, amendments to its credit agreement and changes to a receivables financing agreement. These items are relevant for tracking the company’s debt profile and interest obligations.
Corporate governance and leadership developments appear frequently in HRI news, including promotions within the executive team and the election of new independent directors to the board and audit committee. In addition, the company issues communications about participation in investor conferences and scheduled earnings webcasts, which can be important events for market commentary.
Herc Holdings also releases a Corporate Citizenship Report highlighting environmental, social and governance initiatives, safety performance, employee engagement and recognition on external sustainability and workplace rankings. For anyone monitoring HRI, this news feed offers a centralized view of financial performance, strategic moves, financing transactions and ESG disclosures over time.
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.
Herc Holdings reported third-quarter 2020 financial results, revealing equipment rental revenue of $402.3 million and total revenues of $456.7 million, down from $459.6 million and $508.1 million in 2019. Net income surged to $39.9 million, or $1.35 per diluted share, from $9.4 million, while adjusted net income fell to $39.8 million. Adjusted EBITDA decreased by 6.1% to $196.7 million, though margins improved to 43.1%. The company raised its full-year adjusted EBITDA guidance to between $655 million and $675 million, emphasizing strong cash flow and reduced leverage.
Herc Holdings Inc. (NYSE: HRI) will conduct its third quarter 2020 earnings call on October 22, 2020, at 8:30 a.m. ET. A press release detailing financial results will precede the call. Shareholders can participate via dial-in numbers; U.S. participants: +1-877-883-0383, International: +1-412-902-6506 (Access code: 8030644). A replay will be available on the company’s website for two weeks post-call. Herc Holdings, a leading equipment rental provider in North America, reported total revenues of approximately $2.0 billion for 2019.