Herc Holdings Inc

HRI

Equity

ISIN null / Valor 32837395

New York Stock Exchange, Inc (2026-01-21)

USD 164.71+6.84%

Herc Holdings Inc
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About company

Herc Holdings Inc., through its subsidiary Herc Rentals, operates as a leading equipment rental company with a focus on providing a comprehensive range of equipment, services, and solutions designed to meet the diverse needs of its customers. Established with nearly 60 years of expertise in the equipment rental industry, Herc Holdings has grown to employ approximately 7,400 individuals and operates around 400 company-operated branches across the United States and Canada. The company caters to a broad spectrum of customer markets, leveraging its extensive inventory and industry knowledge to ensure safe, efficient, and effective performance for its clients. Herc Holdings Inc. made its debut on the New York Stock Exchange on July 1, 2016, trading under the ticker symbol “HRI,” marking a significant milestone in its corporate history.

Summarized from source with an LLMView SourceSector: Finance

Revenue and pricing

Q4 equipment rental revenue $839M (+12% YoY) and total Q4 revenue $951M (+14%). Rental pricing rose 2.1% YoY in Q4 and 3.2% for full year 2024, with volume gains (Q4 volume +11.6%, FY volume +9.3%). Sales of rental equipment were $96M in Q4 and $311M for FY 2024 (FY sales down $35M vs. prior year).

GAAP vs. adjusted results — Cinelease impact

Reported Q4 net loss of $46M was driven by a $194M non‑cash loss on Cinelease assets held for sale; excluding that and other adjustments, adjusted Q4 net income rose to $102M. Full‑year reported net income was $211M, while adjusted net income was $367M.

EBITDA and margins

Adjusted EBITDA increased 15% YoY in Q4 to $438M (adjusted EBITDA margin 46.1%) and rose 9% for the full year to $1,583M (margin 44.4%), showing sustained operating leverage despite market headwinds.

Fleet and capital spending

As of 12/31/24 the fleet was ~ $7.0B OEC. Net rental equipment capex was $760M in 2024 (rental expenditures $1,048M less $288M proceeds), down from $995M in 2023; average fleet size rose ~11% for the year and average fleet age was 46 months.

Balance sheet and liquidity

Net debt was $4.0B at year‑end 2024 with net leverage ~2.5x (unchanged YoY). Cash and available ABL commitments provided about $1.9B of liquidity. Interest expense rose (Q4 $67M; FY $260M) reflecting higher average debt to fund acquisitions and fleet investment.

M&A, greenfields and operations

Herc completed 9 acquisitions (28 locations) and opened 23 greenfield locations in 2024. The company cited personnel, facilities and integration costs from growth as drivers of higher direct operating expenses, but maintained improved operating leverage in SG&A as a percent of rental revenue.

2025 outlook (excluding Cinelease)

Guidance (ex‑Cinelease): equipment rental revenue growth 4–6%; adjusted EBITDA $1.575B–$1.650B; net rental equipment capex $400M–$600M; gross capex $700M–$900M. Management expects to capture share of large construction/mega projects and to complete the Cinelease sale in 2025.

Cash flow and shareholder returns

Free cash flow for 2024 was $314M. The company declared a quarterly dividend of $0.665 per share paid Dec 27, 2024. Net cash provided by operations was $1.225B for the year.

Summarized from source with an LLMView Source

Key figures

-21.6%1Y

14.8%3Y

133%5Y

Performance

60.7%1Y

50.6%3Y

50.7%5Y

Volatility