earnings
confidence high
sentiment positive
materiality 0.75
Herc Holdings Q2 revenue +30.5% to $640.4M; EPS $2.38; raises FY adj. EBITDA low end
HERC HOLDINGS INC
2022-Q2 EPS reported
$4.30
revenue$1,207,700,000
- Equipment rental revenue record $605.4M (+35.1% YoY); total revenues $640.4M (+30.5%).
- Net income $72.2M ($2.38 diluted EPS), adjusted EPS $2.47; adj. EBITDA record $284.2M (+36.8%).
- Narrows FY2022 adj. EBITDA guidance to $1.195B-$1.245B (prev. $1.175B-$1.245B); capex unchanged.
- Amends ABL facility to $3.5B (from $1.75B) and extends maturity to July 2027.
- Plans share repurchases under existing authorization ($395.9M remaining); quarterly dividend $0.575.