secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001364479-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herc Holdings Q1 2022: Record rental revenue up 31.6%, raises FY guidance
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- Equipment rental revenue record $526.8M (+31.6% YoY); total revenue $567.3M (+25.0%).
- Net income $58.5M ($1.92 diluted EPS); adjusted EPS $1.95.
- Adjusted EBITDA record $236.8M (+28.3%), margin 41.7% (+100 bps).
- Dollar utilization record 41.4% (+280 bps); pricing up 4.3% YoY.
- FY 2022 adjusted EBITDA guidance raised to $1,175M-$1,245M; net rental capex guidance raised to $900M-$1,120M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447922000015/0001364479-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447922000015/hri-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001364479-22-000015

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