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 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) 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.
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 June 13, 2025, to shareholders who are on record as of May 30, 2025. This regular quarterly dividend declaration demonstrates the company's commitment to returning value to shareholders through consistent dividend payments.
Herc Holdings (NYSE: HRI) announced that its subsidiary, Herc Holdings Escrow, plans to offer $2.75 billion in senior unsecured notes due 2030 and 2033. This offering is part of the financing for Herc's proposed acquisition of H&E Equipment Services. The acquisition, announced on February 19, 2025, involves a tender offer where H&E shareholders will receive $78.75 in cash and 0.1287 Herc shares per H&E share.
The notes will be guaranteed on a senior unsecured basis by Herc's current and future domestic subsidiaries. The proceeds will be used to finance the acquisition, fund the redemption of H&E's existing debt, and pay related fees. The notes will be offered to qualified institutional buyers in the US under Rule 144A and internationally under Regulation S.
Herc Holdings (NYSE: HRI), a leading North American equipment rental supplier, has achieved significant milestones in its planned acquisition of H&E Equipment Services (NASDAQ: HEES). The company announced two key regulatory clearances: the expiration of the Hart-Scott-Rodino Act waiting period and the SEC's declaration of effectiveness for its Registration Statement on Form S-4. These developments mark crucial steps toward completing the proposed acquisition, which is anticipated to close by early June 2025. The transaction's completion remains subject to H&E shareholders tendering a majority of shares and other customary closing conditions.