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 Inc. (NYSE: HRI) reported a strong first quarter for 2023, achieving a record equipment rental revenue of $654 million, a 24% increase, and total revenues of $740 million, up 30% year-over-year. Net income rose 16% to $67 million, or $2.28 per diluted share. The adjusted EBITDA increased by 30% to $308 million, with a margin of 41.6%. Rental pricing also saw a year-over-year increase of 7%. The company repurchased approximately 460,000 shares. Despite challenges like supply chain disruptions and a decline in studio entertainment revenue, Herc Holdings maintains a diversified business model and strategic investments to capture growth opportunities. Guidance for full-year adjusted EBITDA remains positive, anticipating a growth of 18% to 26% compared to 2022.
Herc Holdings Inc. (NYSE: HRI) will release its first quarter 2023 financial results on April 20, 2023, before the market opens. An investor conference call will follow at 8:30 a.m. ET, where management will discuss the results and potentially reveal significant business and financial information not included in the press release.
Investors can access the live webcast through HercRentals.com and the call is available via dial-in for U.S. participants at +1-888-660-6011. The replay of the conference call will be archived for 12 months. Herc Holdings has approximately $2.7 billion in total revenues for 2022 and operates 356 locations in North America.
TNT Crane & Rigging has appointed Mark Irion as its new CEO, effective immediately, succeeding Mike Appling, who will assist with the transition until April 30, 2023. Irion, who has extensive experience in the equipment rental industry, previously served as CFO at Herc Holdings since June 2018. He has been a director on TNT's Board since June 2020. The Board expressed confidence in Irion's vision for growth and his deep understanding of the company. TNT, headquartered in Houston, TX, is the largest open-shop crane services platform in North America, operating over 40 branches and serving more than 4,000 customers.
FAQ
What is the current stock price of Herc Holdings (HRI)?
What is the market cap of Herc Holdings (HRI)?
