earnings
confidence high
sentiment positive
materiality 0.80
Herc Holdings Q3 2022: rental revenue up 35.9% to record $706M; raises FY adj. EBITDA guidance
HERC HOLDINGS INC
2022-Q3 EPS reported
$7.66
revenue$1,952,800,000
- Total revenue $745.1M (+35.4% YoY); equipment rental revenue record $706.2M (+35.9% YoY).
- Net income $101.4M ($3.36 diluted EPS); adjusted net income $103.4M ($3.42 per share), +42.2%.
- Adjusted EBITDA record $345.0M (+40.3%); margin 46.3% (+160 bps).
- Repurchased ~540K shares for $59.1M in Q3; $336.7M remaining under buyback.
- FY2022 adj. EBITDA guidance raised to $1.22-1.25B (36-40% growth); net capex guidance $1.0-1.1B.