Herc Holdings Inc. (HRI) is a renowned equipment rental supplier known for its comprehensive range of high-quality, cost-effective solutions. The company has an extensive portfolio of construction and industrial equipment available for rent, from earthmoving and material handling machinery to electrical and compressed air equipment. Herc Holdings serves a diverse customer base that includes commercial and residential construction companies, industrial companies, utilities, municipalities, and homeowners.
The company operates through its Herc Rentals Inc., a subsidiary that has more than 275 locations, primarily in North America. The Herc Rentals network provides customers with ready access to a broad range of equipment, including crawler cranes, tower cranes, diesel gensets, excavators, wheel loaders, scissor lifts, forklicks, and more.
Herc Holdings was originally a part of the Hertz Corporation (Car rental service provider), but became independent in 2016, with the focus to become the leading equipment rental provider in markets where it competes.
In order to differentiate itself in the crowded equipment rental market, Herc Holdings places a strong emphasis on service expertise and fleet management. The company's highly skilled technicians ensure that all equipment is maintained in top condition, meeting or exceeding all safety and performance standards. Furthermore, Herc's comprehensive fleet management solutions help customers to manage their fleet efficiently and effectively, leading to reduced costs and increased profitability.
Moreover, Herc Holdings has shown a commitment to digital innovation, with a robust online platform that provides customers with 24/7 access to its services. Customers can place orders, manage their account, schedule pickups and returns, access training resources, and more - all online.
Recognized for its commitment to safety, sustainability and ethical business practices, Herc Holdings takes pride in promoting responsible business. The company has earned several accolades in this area including, recognition from the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
Moving forward, Herc Holdings aims to continue to expand its geographic footprint and further diversify its end markets. Through its commitment towards customer-centric services, safety, sustainability, and best-in-class equipment, Herc Holdings has built a strong reputation and is poised for future growth.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Herc Holdings (NYSE:HRI) stock surged 35.8% this week after reporting strong third-quarter adjusted earnings of $3.91 per share, significantly beating Wall Street estimates. The company also raised its full-year 2026 revenue and profit guidance for the second time, citing demand from data centers and mega projects, driven by operational efficiency and fleet deployment. Despite the positive performance, the article cautions potential investors about the company's high valuation and significant debt load.
Analysts from Barclays and Bank of America Securities have provided insights on Herc Holdings (HRI) and Werner Enterprises (WERN), respectively. Barclays maintained a Buy rating on Herc Holdings with a $175.00 price target, while Bank of America Securities maintained a Sell rating on Werner Enterprises with a $29.00 price target. The article details analyst consensus ratings and price targets for both companies, highlighting potential upsides or downsides.
Herc Holdings (NYSE:HRI) reported record third-quarter 2026 revenue of $1.364 billion, a 5% increase year over year, driven by strong equipment rental demand. The company also saw its adjusted EBITDA rise 9% to a record $603 million and increased its full-year 2026 guidance, citing robust demand from large infrastructure, data center, manufacturing, and energy projects. This performance reflects improved operating leverage and higher dollar utilization.
Herc Holdings reported strong third-quarter 2026 financial results, with equipment rental revenue increasing nearly 12% year-over-year. CEO Larry Silber announced his transition to Executive Chairman, with Aaron Birnbaum becoming the new CEO, highlighting strong succession planning. The company provided an updated positive outlook, raising full-year equipment rental revenue and adjusted EBITDA projections, driven by strategic investments in specialty equipment and megaprojects.
Herc Holdings reported strong Q3 earnings with record equipment rental revenue of $1.25 billion (up 12%) and adjusted EBITDA of $603 million (up 9%), driven by acquisition synergies. The company's performance led management to increase its 2026 revenue and EBITDA guidance by 2% at the midpoint, indicating accelerating growth and effective integration. This positive outlook suggests continued strong financial results for Herc Holdings.
Herc Holdings Inc. announced that Aaron Birnbaum, currently president, will succeed Larry Silber as CEO, effective January 1, 2027. Silber, who has been CEO since 2015, will transition to executive chairman of the board. Birnbaum brings over 35 years of experience with Herc Rentals and its predecessor, Hertz Equipment Rental Corp.