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. (NYSE: HRI) is an equipment rental company that regularly issues news on its operations, financing activities, governance and sustainability efforts. Operating through its Herc Rentals Inc. subsidiary as a full-line rental supplier, the company’s updates provide insight into trends in its rental fleet, branch network and capital allocation decisions across North America.
Investors following HRI news will see recurring announcements on quarterly results, including equipment rental revenue, total revenues, adjusted EBITDA and fleet utilization metrics. Earnings releases often discuss integration progress from acquisitions such as H&E Equipment Services Inc., IT and systems integration milestones, fleet optimization, greenfield branch openings and divestitures like the sale of the Cinelease studio entertainment business.
Herc Holdings also publishes news related to its balance sheet and capital structure. Recent press releases and 8‑K filings describe the pricing and issuance of senior unsecured notes due 2031 and 2034, the planned and completed redemption of 5.50% Senior Notes due 2027, amendments to its credit agreement and changes to a receivables financing agreement. These items are relevant for tracking the company’s debt profile and interest obligations.
Corporate governance and leadership developments appear frequently in HRI news, including promotions within the executive team and the election of new independent directors to the board and audit committee. In addition, the company issues communications about participation in investor conferences and scheduled earnings webcasts, which can be important events for market commentary.
Herc Holdings also releases a Corporate Citizenship Report highlighting environmental, social and governance initiatives, safety performance, employee engagement and recognition on external sustainability and workplace rankings. For anyone monitoring HRI, this news feed offers a centralized view of financial performance, strategic moves, financing transactions and ESG disclosures over time.
Herc Holdings Inc. (NYSE: HRI) announced a leadership change effective March 10, 2023. Senior VP and CFO Mark H. Irion will resign, remaining until March 31, 2023, to ensure a smooth transition. Promotion of Mark Humphrey from VP and Chief Accounting Officer to CFO is set, with his tenure at the company starting in April 2017. Additionally, Mark Schumacher will take on the role of Chief Accounting Officer. The company emphasizes continuity and stability in leadership amid its strategic growth initiatives. Herc Holdings reported approximately $2.7 billion in total revenues for 2022, operating 356 locations in North America.
Herc Holdings Inc. (NYSE: HRI) will participate in the Barclays Industrial Select Conference in Miami, Florida, on February 23, 2023. The company's senior management, including President Larry Silber and CFO Mark Irion, will conduct a live webcast starting at 1:15 PM EST. The event will be archived on the company’s website for 90 days, with audio accessible for 30 days post-event. Investors can find the event link on the company’s website and presentation slides will be available on the event day. Herc Holdings is a leading equipment rental supplier with 356 locations in North America and generated approximately $2.7 billion in total revenues in 2022.
Herc Holdings Inc. reported robust financial results for the fourth quarter and full year ended December 31, 2022. Equipment rental revenue surged 31.5% to $713.1 million, while total revenues reached $786.0 million, up 36.0%. Net income rose 36.2% to $97.8 million, translating to $3.27 per diluted share. For the full year, equipment rental revenue increased 33.6% to $2,551.5 million, with total revenues at $2,738.8 million, a 32.1% increase. Adjusted EBITDA for the year climbed 37.2% to $1,227.2 million, reflecting strong demand and pricing. The company anticipates 2023 adjusted EBITDA of $1.45 billion to $1.55 billion, showcasing continued growth potential.
Herc Holdings, Inc. (NYSE: HRI) has announced a 10% increase in its quarterly dividend, raising it by $0.0575 to $0.6325 per share. This change reflects the company's confidence in its growth and ability to deliver returns to shareholders. The new annualized dividend stands at $2.53 per share, up from $2.30. The dividend is payable on March 9, 2023, to shareholders of record as of February 22, 2023. Herc Holdings operates approximately 351 locations in North America and reported total revenues of about $2.1 billion in 2021.
Herc Holdings Inc. (NYSE: HRI) will host its fourth quarter and full year 2022 earnings call on February 14 at 8:30 a.m. Eastern Standard Time. A press release detailing financial results will be issued prior to the call. The event will include management's review of the company's performance and discussion of potentially material business and financial information not included in the press release.
Interested parties can access the call through the Investor Relations section on the company's website or by dialing in with provided phone numbers. A replay will be available for 12 months post-event.
The board of Herc Holdings Inc. has declared a quarterly dividend of $0.575 per share, payable on December 27, 2022, to shareholders of record as of December 12, 2022. Herc Holdings, operating through Herc Rentals, is a leading equipment rental supplier in North America with approximately 350 locations and reported total revenues of around $2.1 billion in 2021. The company employs around 6,400 staff, providing a broad portfolio of equipment and services to enhance operational efficiency for its customers.
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Herc Holdings Inc. (NYSE: HRI) will participate in the Baird Global Industrial Conference on November 10, 2022, in Chicago, Illinois. Senior management, including Larry Silber and Mark Irion, will hold a webcast at 9:05 AM CT, which will be available for archive on the company’s website for 90 days.
Herc Holdings operates over 350 rental locations in North America and reported $2.1 billion in revenues in 2021, providing a wide range of equipment rentals and industry-specific services.
Herc Holdings Inc. (NYSE: HRI) has appointed Leslie Hunziker as senior vice president of investor relations and communications. Hunziker will lead the company's investor relations program and succeed Elizabeth Higashi and Paul Dickard, who will retire in late 2023. Hunziker has a robust background in investor relations, previously serving at Wesco International and Hertz Global Holdings. Larry Silber, CEO, expressed confidence in Hunziker advancing Herc's strategic initiatives.
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%.