Herc Holdings (HRI) Stock News

Herc Holdings (NYSE: HRI), a leading equipment rental company, announced its participation in the upcoming Morgan Stanley 13th Annual Laguna Conference. The company's top executives, including CEO Larry Silber, COO Aaron Birnbaum, and CFO Mark Humphrey, will engage in a fireside chat discussion.

The presentation is scheduled for September 11, 2025, at 1:50 PM PDT (4:50 PM EDT) in Laguna Niguel, CA. Investors can access the live webcast through the provided link or the company's investor relations website.

Herc Rentals (NYSE: HRI), a leading North American equipment rental supplier, has published its 2025 Corporate Citizenship Report showcasing significant ESG achievements. The company reported a 26.5% reduction in GHG emissions from 2019 baseline, exceeding its 2030 goal, and achieved a 23.3% reduction in non-toxic landfill waste.

Key highlights include recognition as one of Newsweek's Most Responsible Companies, Great Place to Work® certification, and an EcoVadis Bronze Medal. The company maintained strong employee metrics with an 11.4% voluntary turnover rate and achieved a Total Recorded Incident Rate of 0.87, beating industry benchmarks.

Additionally, Herc Rentals completed the acquisition of H&E Rentals in June 2025, adding over 160 branches and 2,500 team members to its network.

Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has announced a quarterly dividend of $0.70 per share. The dividend will be paid on September 5, 2025, to shareholders who are on record as of August 22, 2025.

Herc Rentals (NYSE: HRI) has sold its subsidiary Cinelease, a leading lighting and grip rental company for the entertainment industry, to Zello, a private investment platform. Cinelease, with over 45 years of industry experience, will continue operating as a standalone company under its current leadership team of Mark Lamberton, Chris Rogers, and Gannon Murphy.

The company serves major production hubs across the U.S. and Canada, supporting thousands of film, television, and commercial productions through its integrated studio and equipment offerings. Under Zello's ownership, Cinelease aims to expand its market presence while maintaining its focus on service quality and industry relationships.

Herc Holdings (NYSE: HRI) reported its Q2 2025 results, marked by the completion of its landmark H&E Equipment Services acquisition on June 2, 2025. The company secured $4.4 billion in new debt at a 6.8% weighted average interest rate to finance the deal. Q2 financial highlights include equipment rental revenue growth of 14% to $870 million and total revenues up 18% to $1,002 million. However, the company reported a net loss of $35 million ($1.17 per share), primarily due to H&E acquisition costs and Cinelease assets held for sale losses.

The company's adjusted EBITDA increased 13% to $406 million with a 41% margin. For 2025, Herc updated its guidance (excluding Cinelease), projecting equipment rental revenue of $3.7-3.9 billion and adjusted EBITDA of $1.8-1.9 billion.

[ "Completed largest industry acquisition (H&E Equipment Services) expanding geographic footprint and fleet size", "Equipment rental revenue increased 14% to $870 million", "Total revenues grew 18% to $1,002 million", "Adjusted EBITDA rose 13% to $406 million", "Strong liquidity position with $1.6 billion available", "Opened 11 new greenfield locations in H1 2025" ]

Herc Holdings (NYSE: HRI) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results on July 29, 2025, before market open, followed by an investor conference call at 8:30 a.m. ET.

The earnings call will be accessible via webcast at the company's investor relations website and through specific dial-in numbers for both U.S. and international participants. Participants are advised to dial in 10-15 minutes before the call. A replay will be available on the company website for 12 months.

Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has completed its acquisition of H&E Equipment Services. The strategic acquisition strengthens Herc's market position, providing a leading presence in 11 of the top 20 rental regions. Under the merger terms, Herc acquired H&E's shares for $78.75 in cash and 0.1287 shares of Herc common stock per share. Following the transaction, H&E's common stock has ceased trading on NASDAQ. The acquisition aligns with Herc's growth strategy, expanding its fleet capabilities and customer offerings in specialty and general rental products. CEO Larry Silber emphasized the deal's potential for industry-leading growth and superior value creation.

Herc Holdings (NYSE: HRI) and H&E Equipment Services (NASDAQ: HEES) announced the successful completion of their tender offer, where H&E shareholders will receive $78.75 in cash and 0.1287 Herc shares for each H&E share. The tender offer expired on May 29, 2025, with 25,369,090 H&E shares (69.33% of outstanding shares) validly tendered. All offer conditions have been met, and the acquisition is expected to close on June 2, 2025. Following the merger, H&E will become a wholly-owned subsidiary of Herc, and H&E shares will be delisted from Nasdaq. The merger agreement was initially announced on February 19, 2025, and the remaining H&E shares will be converted to the same offer price terms upon closing.

Herc Holdings (NYSE: HRI) has extended its tender offer to acquire H&E Equipment Services (NASDAQ: HEES) until May 29, 2025. The offer, which was previously set to expire on May 22, 2025, proposes to acquire H&E shares for $78.75 in cash and 0.1287 Herc common stock shares per H&E share. The extension aims to allow additional time for satisfying remaining conditions.

As of May 22, 2025, approximately 24,827,794 H&E shares (67.72%) have been validly tendered, with an additional 859,309 shares (2.34%) tendered through guaranteed delivery procedures, totaling about 70.06% of outstanding H&E shares.