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 (HRI) provides essential equipment rental solutions across construction, industrial, and environmental sectors. This page serves as the definitive source for investors and professionals tracking the company’s latest developments, offering timely access to strategic announcements and operational updates.
Find curated press releases covering earnings reports, fleet expansions, leadership changes, and sustainability initiatives. Our collection includes verified updates on acquisitions, partnership agreements, and market positioning within the competitive equipment rental industry.
Key categories include quarterly financial results, equipment innovation announcements, safety protocol enhancements, and regulatory compliance updates. All content is maintained to meet journalistic standards, ensuring relevance for both short-term analysis and long-term trend tracking.
Bookmark this page for streamlined access to HRI’s evolving business narrative. Combine our updates with Stock Titan’s financial tools for comprehensive market analysis.
Herc Holdings (NYSE: HRI) has announced a 5% increase in its quarterly dividend, raising it by $0.035 to $0.70 per share. The dividend will be paid on March 4, 2025, to shareholders of record as of February 18, 2025. This adjustment brings the annual dividend rate to $2.80 per share, up from the previous $2.66 per share. President and CEO Larry Silber expressed confidence in the company's growth strategy and its ability to generate sustainable shareholder returns while maintaining readiness for future opportunities.
Herc Holdings (NYSE: HRI) has scheduled its fourth quarter and full year 2024 earnings release for February 13, 2025, before market opening. The company will host an investor conference call at 8:30 a.m. ET on the same day, where management will review results and may discuss additional material information not included in the press release.
The event will be accessible via live webcast on the company's investor relations website and through dial-in numbers for both U.S. (+1-800-715-9871) and international participants. A recording of the conference call will be available on the company website for 12 months.
Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has announced a quarterly dividend of $0.665 per share. The dividend will be paid on December 27, 2024, to shareholders who are on record as of December 16, 2024.
Herc Holdings (NYSE: HRI) announced its participation in the Baird 2024 Global Industrial Conference in Chicago. The company's leadership team, including President and CEO Larry Silber, SVP and COO Aaron Birnbaum, and SVP and CFO Mark Humphrey, will engage in a fireside chat on Tuesday, November 12, 2024, at 1:45 PM CT (2:45 PM ET).
The discussion will be accessible via live audio webcast through both the conference platform and Herc Holdings' investor relations website.
Herc Holdings reported strong Q3 2024 results, with record equipment rental revenue of $866 million, up 13% year-over-year. Total revenues increased 6% to $965 million. Net income rose 8% to $122 million, or $4.28 per diluted share. Adjusted EBITDA grew 9% to $446 million with a 46.2% margin.
Key highlights include:
- Rental pricing increased 2.3% year-over-year
- Dollar utilization improved to 42.2%
- Free cash flow of $218 million for the nine months ended September 30, 2024
The company updated its 2024 full-year guidance, projecting equipment rental revenue growth of 9.5% to 11% and adjusted EBITDA of $1.55 billion to $1.60 billion. Herc Holdings continues to focus on expanding market share through fleet investments, strategic acquisitions, and greenfield opportunities.
Herc Holdings Inc. (NYSE: HRI) has announced the date for its third quarter 2024 earnings call and webcast. The company will release its financial results on October 22, 2024, before the market opens. This will be followed by an investor conference call at 8:30 a.m. ET. During the call, management will review the company's results and may discuss or disclose important business, financial, or other information not included in the press release.
A live webcast of the event will be available on the company's investor relations website. For those who prefer to dial in, both U.S. and international participants can access the call using provided phone numbers and an access code. Participants are advised to dial in 10 to 15 minutes before the call starts. A replay of the conference call will be available via webcast on the company's website for 12 months.
Herc Holdings (NYSE: HRI), a leading equipment rental company, has announced its participation in the Morgan Stanley 12th Annual Laguna Conference in Laguna Niguel, CA. The company's president and CEO, Larry Silber, along with CFO Mark Humphrey, will engage in a fireside chat discussion on September 11, 2024, at 11:40 AM PDT (2:40 PM EDT).
The event will be simultaneously webcast and accessible to investors through a live stream link. Additionally, the webcast can be viewed on Herc Holdings' investor relations events and presentation page. This participation underscores Herc Holdings' commitment to engaging with investors and sharing insights about their business operations and strategy.
Herc Holdings Inc. (NYSE: HRI), a leading North American equipment rental supplier, has released its 2024 Corporate Citizenship Report. The report highlights significant progress in sustainability initiatives, including:
- 26% reduction in Scope 1 and 2 greenhouse gas emissions intensity
- 24.6% reduction in non-toxic waste to landfill intensity
- Total Recordable Incident Rate of 0.80, better than industry benchmark
- Improved employee Net Promoter Score of 44
- Launch of Volunteer Time Off benefit
- Adoption of Supplier Engagement Survey
Herc Rentals has received multiple recognitions, including Newsweek's Most Responsible Companies and EcoVadis Silver Award. The company aims to build long-term value for stakeholders while progressing environmental, social, and governance priorities.
Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has announced a quarterly dividend of $0.665 per share. The dividend will be payable on September 6, 2024, to shareholders of record as of August 23, 2024. This declaration by the Board of Directors demonstrates the company's commitment to returning value to shareholders and reflects confidence in Herc Holdings' financial stability and future prospects.
Herc Holdings (NYSE: HRI) reported Q2 2024 results with record equipment rental revenue of $765 million, up 9% year-over-year. Total revenues increased 6% to $848 million. Rental pricing rose 3.5%, while volume increased 6.4%. However, net income decreased 8% to $70 million ($2.46 per diluted share). Adjusted EBITDA grew 2% to $360 million with a 42.5% margin.
The company saw deceleration in local market growth due to higher interest rates, offset by acquisitions and new locations. Mega project activity is ramping up for the second half. Herc reaffirmed its 2024 full-year guidance, expecting 7-10% equipment rental revenue growth and adjusted EBITDA of $1.55-1.60 billion.
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