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.
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Herc Holdings reported robust financial results for Q3 2022, with equipment rental revenue surging 35.9% to $706.2 million and total revenues up 35.4% to $745.1 million. Net income jumped 40.2% to $101.4 million, equivalent to $3.36 per diluted share. Adjusted EBITDA rose 40.3% to $345.0 million, with a margin increase of 160 basis points to 46.3%. The company repurchased approximately 540,000 shares and raised its FY 2022 adjusted EBITDA guidance to a growth range of 36% to 40%.
Herc Holdings Inc. (NYSE: HRI) will conduct its third quarter 2022 earnings call on October 20 at 8:30 a.m. EDT. A press release detailing financial results will be issued prior to the call. Shareholders can access the call via the Investor Relations section of the company’s website. Herc Holdings, a top equipment rental supplier in North America with over 350 locations, reported approximately $2.1 billion in total revenues for 2021. The call can also be joined using dial-in numbers provided in the PR.
The board of directors of Herc Holdings has declared a quarterly dividend of $0.575 per share. This dividend is payable to shareholders of record on August 19, 2022, with a payment date of September 2, 2022. Herc Holdings operates through its subsidiary, Herc Rentals, and is a leading equipment rental supplier in North America with around 333 locations. The company reported total revenues of approximately $2.1 billion in 2021, serving various industries through an extensive portfolio of rental equipment.
Herc Holdings reported strong second-quarter results, with equipment rental revenue rising 35.1% to $605.4 million and total revenues increasing 30.5% to $640.4 million. Net income surged 53.3% to $72.2 million, or $2.38 per diluted share. Adjusted EBITDA grew 36.8% to a record $284.2 million, with a margin expansion of 210 basis points to 44.4%. The company amended its credit facility to $3.5 billion and announced a share repurchase plan, aiming to enhance shareholder value amidst market fluctuations.
Herc Holdings Inc. (NYSE: HRI) will host its second quarter 2022 earnings call on Thursday, July 21, at 8:30 a.m. EDT. A press release will be issued the same day with financial results. Participants can access the call via a dial-in number or listen live through the company's website. The archived call will be available for two weeks post-event. Herc Holdings operates through Herc Rentals Inc. and has over 325 locations in North America, generating approximately $2.1 billion in total revenues in 2021.
The board of Herc Holdings has declared a quarterly dividend of
Herc Holdings Inc. (NYSE: HRI) announced that its CEO Larry Silber and CFO Mark Irion will participate in a virtual fireside chat at the Wells Fargo Industrials Conference on May 4, 2022, at 10:00 AM ET in New York City. Investors can access the event through the provided link or via the Company's investor relations page. Herc Holdings is a leading equipment rental supplier in North America with over $2.1 billion in total revenues for 2021 and approximately 5,700 employees, offering a diverse portfolio of rental equipment.
Herc Holdings reported impressive first-quarter 2022 results with equipment rental revenue soaring 31.6% to $526.8 million and total revenues rising 25.0% to $567.3 million. Net income reached $58.5 million or $1.92 per diluted share, a 77.8% increase year-over-year. Adjusted EBITDA rose 28.3% to $236.8 million with a margin of 41.7%. The company anticipates adjusted EBITDA for 2022 to grow 31% to 39% over 2021. Despite increased operating expenses, strong demand and operational execution drove these results.
Herc Holdings Inc. (NYSE: HRI) is set to host its Q1 2022 earnings call on April 21 at 8:30 a.m. EDT, with results to be released prior to the call. Interested parties can participate via conference call or webcast, with details available on the company's Investor Relations site. Herc Holdings, a leading equipment rental supplier in North America, reported total revenues of approximately $2.1 billion in 2021 and operates 312 locations. The earnings call aims to provide updates on financial performance and business strategy.
Herc Holdings Inc. (NYSE: HRI) has signed a purchase agreement to acquire Cloverdale Equipment Company, enhancing its equipment rental presence particularly in the Great Lakes region. With approximately 120 employees across four locations in Detroit, Grand Rapids, Cleveland, and Pittsburgh, Cloverdale adds strategic coverage and operational depth. The acquisition is expected to close in Q2 2022 and is projected to be accretive to earnings within the first year, aligning with Herc's strategy to expand its market footprint and improve service capabilities.
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