Every 8-K that Herc Holdings Inc. (HRI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HRI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HRI filings page.
HERC HOLDINGS INC (HRI) disclosed that its subsidiary Herc Rentals Inc., together with its wholly owned special purpose vehicle Herc Receivables U.S. LLC, entered into a Ninth Amendment to an existing Receivables Financing Agreement with Credit Agricole Corporate and Investment Bank and a lender group on August 31, 2026.
The Ninth Amendment increases the commitments and uncommitted allocations to provide greater borrowing availability and extends the maturity date of the receivables financing facility until August 31, 2027. The full text of Amendment No. 9 is filed as Exhibit 10.1.
HERC HOLDINGS INC (HRI) reported a board change, electing Erik Olsson as a director on August 18, 2026, effective immediately. Olsson previously served as Chairman, President and Chief Executive Officer of Mobile Mini, and earlier as President and Chief Executive Officer of RSC Holdings.
The board determined that Olsson qualifies as an independent director under New York Stock Exchange listing standards and the company’s Corporate Governance Guidelines. He will serve on the Audit Committee. Olsson will participate in the company’s non-employee director compensation program, with his annual cash retainer and equity award prorated for his initial term, and will enter into an indemnification agreement on substantially the same terms as existing directors.
Herc Holdings Inc. reported strong growth for the quarter ended June 30, 2026. Total revenues reached $1,204 million, up 20.2% year over year, driven by a 23.2% increase in equipment rental revenue to $1,072 million from a larger fleet after the H&E acquisition, higher mega project volume and revenue synergies. Dollar utilization improved to 39.3% from 38.3%. Adjusted EBITDA rose 18.8% to $487 million, with an adjusted EBITDA margin of 40.4%.
GAAP net income was $19 million, or $0.57 per diluted share, compared with a $35 million net loss, or $1.17 loss per diluted share, a year earlier, while adjusted net income declined to $48 million, or $1.43 per diluted share, from $59 million, or $1.97 per diluted share, as higher depreciation, amortization and interest from the H&E transaction and fuel and transportation inflation pressured margins. For the first half of 2026, total revenues were $2,343 million, adjusted EBITDA was $935 million, and free cash flow was $202 million, nearly double the prior year’s $103 million.
Net debt stood at $7.9 billion as of June 30, 2026, corresponding to a net leverage ratio of 3.95x and liquidity of about $2.1 billion. Reflecting confidence in sustained demand and integration benefits, the company raised its 2026 guidance, targeting equipment rental revenue of $4.375–$4.475 billion, adjusted EBITDA of $2.05–$2.125 billion, and significantly higher net rental equipment and gross capital expenditures, while continuing a $0.70 per-share quarterly dividend.
Herc Holdings Inc. reported the results of its 2026 Annual Meeting of Stockholders held on May 14, 2026. Stockholders elected eight director nominees, each to serve a one-year term ending at the 2027 annual meeting.
Stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. In addition, they ratified the selection of PricewaterhouseCoopers LLP as Herc Holdings’ independent registered public accounting firm for 2026, confirming support for the company’s leadership, pay practices, and auditor.
Herc Holdings Inc. reported first quarter 2026 results and affirmed its full-year 2026 outlook, showing strong top-line growth following the H&E acquisition. Total revenues rose to $1,139 million, up 32% year over year, with equipment rental revenue up 33% to $981 million as a larger fleet and mega projects drove demand.
The company posted a net loss of $24 million, or $0.72 per diluted share, while adjusted net income was $7 million, or $0.21 per diluted share, reflecting higher depreciation, amortization and interest from the acquisition. Adjusted EBITDA increased 33% to $448 million, keeping margin steady at 39.3%, and free cash flow nearly doubled to $94 million.
Net debt reached $8.0 billion with net leverage of 3.96x as of March 31, 2026, and liquidity was about $1.9 billion. For 2026, Herc reaffirmed guidance for equipment rental revenue of $4.275–$4.4 billion, adjusted EBITDA of $2.0–$2.1 billion, and net rental equipment capital expenditures of $500–$800 million, emphasizing integration synergies, specialty growth and disciplined capital deployment.
Herc Holdings reported strong 2025 growth but sharply weaker earnings as it integrated the H&E acquisition and issued 2026 guidance. Full‑year total revenue rose to $4.376 billion, up 22.6%, with equipment rental revenue up 18.2% to $3.770 billion, both record levels.
Despite this growth, full‑year net income fell to just $1 million (from $211 million) as transaction and integration expenses, higher depreciation and interest on new debt weighed on results. Adjusted net income was $239 million, and adjusted EBITDA increased 14.8% to $1.818 billion, with margin at 41.5%.
Fourth‑quarter total revenue rose 27.1% to $1.209 billion, while net income was $24 million and adjusted EBITDA $519 million. Net debt climbed to $8.1 billion and net leverage to 3.95x. For 2026, the company guides equipment rental revenue to $4.275–$4.4 billion and adjusted EBITDA to $2.0–$2.1 billion, with net rental capex of $500–$800 million.
Herc Holdings Inc. announced that director John M. Engquist has informed the Board that he will not stand for re-election at the company’s 2026 annual meeting of stockholders. The company states that his decision is not due to any disagreement regarding its operations, policies, or practices.
Herc Holdings Inc. issued $600 million of 5.750% senior unsecured notes due 2031 and $600 million of 6.000% senior unsecured notes due 2034. Interest is payable semi-annually on March 15 and September 15, starting March 15, 2026, and the notes are guaranteed on a senior unsecured basis by its domestic subsidiaries.
The company used the net proceeds, together with other borrowings, to redeem all $1,200 million of its 5.50% Senior Notes due 2027 at 100.00% of principal plus accrued interest, and the related indenture was discharged. Herc also amended its Credit Agreement effective December 10, 2025, reducing the interest rate margin to 1.75% for Term SOFR Term Loans and 0.75% for Base Rate Term Loans on $750,000,000.00 of outstanding loans.
Herc Holdings Inc. announced the pricing of two new senior unsecured note offerings totaling $1.2 billion. The company is issuing $600 million of 5.750% senior unsecured notes due 2031 and $600 million of 6.000% senior unsecured notes due 2034, each guaranteed on a senior unsecured basis, subject to limited exceptions, by its current and future domestic subsidiaries, including Herc Rentals Inc.
Following this notes offering, Herc Holdings expects to redeem all $1.2 billion aggregate principal amount of its outstanding 5.50% Senior Notes due 2027 and to pay related fees and expenses. The new notes are being offered in a private placement under Rule 144A and Regulation S and have not been registered under the Securities Act of 1933.
Herc Holdings Inc. announced a proposed private offering of senior unsecured notes that will be guaranteed on a senior unsecured basis, subject to limited exceptions, by its current and future domestic subsidiaries, including Herc Rentals Inc. The notes will be offered to qualified investors under Rule 144A and Regulation S and will not be registered under the Securities Act.
Following this offering, the company expects to redeem all $1,200 million in aggregate principal amount of its 5.50% Senior Notes due 2027 and pay related fees and expenses, effectively refinancing a large portion of its outstanding debt. In connection with the proposed notes offering and its June 2, 2025 acquisition of H&E Equipment Services, Inc., Herc prepared updated unaudited pro forma condensed combined statements of operations for the year ended December 31, 2024 and the nine months ended September 30, 2025 and 2024 to show how the combined business would have looked over those periods.
Herc Holdings Inc. announced a conditional plan to fully redeem its outstanding 5.50% Senior Notes due 2027. The company issued a notice to redeem all $1.2 billion aggregate principal amount of these notes on December 16, 2025 at a price equal to 100% of principal, plus accrued and unpaid interest up to, but excluding, the redemption date. The redemption will only occur if Herc completes new financing on terms it finds satisfactory and that generates enough proceeds to pay the full redemption price.
Herc Holdings Inc. (HRI) announced leadership and board changes. The Board elected Aaron Birnbaum, currently Chief Operating Officer, to become President effective January 1, 2026, while he continues in his existing operating role. Current President and CEO Larry Silber will remain Chief Executive Officer after that date.
Birnbaum will receive an initial annual base salary of $775,000, a target annual cash bonus opportunity equal to 100% of base salary, and an equity award valued at $2,000,000 in the first quarter of 2026 under the 2018 Omnibus Incentive Plan. The Board also elected Patrick S. Shannon and John A. Olin as independent directors, effective January 1, 2026, and appointed them to the Audit Committee. They will receive prorated non-employee director cash and equity compensation and will each enter into the Company’s standard indemnification agreement for directors.
Herc Holdings Inc. (HRI) furnished an update on third‑quarter results. The company announced it issued a press release covering financial results for the quarter ended September 30, 2025, with the release furnished as Exhibit 99.1.
The company will host an earnings webcast on October 28, 2025, accessible via the Investor Relations section of its website and by telephone dial‑in. Slides accompanying the webcast are furnished as Exhibit 99.2. The company noted that the information provided, including the exhibits, is being furnished and not filed under the Exchange Act.
Herc Holdings Inc., through its subsidiary Herc Rentals Inc., updated its receivables-based financing facility. On August 29, 2025, the company, its receivables subsidiary, Credit Agricole Corporate and Investment Bank, and a group of lenders entered into a Sixth Amendment to their existing receivables financing agreement. This amendment increases borrowing availability under the facility and extends its maturity to August 31, 2026, helping the company maintain access to financing backed by customer receivables. The loans remain secured by liens on the receivables and other assets of the special purpose receivables subsidiary.