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. 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 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.