earnings
confidence high
sentiment positive
materiality 0.85
Herc Holdings Q4 rental revenue up 26.9%; raises FY22 EBITDA guidance; boosts dividend 15%
HERC HOLDINGS INC
2021-FY EPS reported
$7.37
revenue$2,073,000,000
- Q4 equipment rental revenue record $542.4M (+26.9% YoY); total revenue $578.0M (+11.1%).
- Q4 net income $71.8M ($2.36 diluted EPS); adjusted net income $74.9M ($2.46 diluted EPS).
- Q4 adjusted EBITDA record $256.5M (+31.1%), margin 44.4% (+680 bps YoY).
- FY 2022 adjusted EBITDA guidance raised to $1.075-1.175B; net capex reaffirmed $820M-$1.12B.
- Quarterly dividend increased 15% to $0.575/share, payable Mar 10, 2022 to holders of record Feb 23.