secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001364479-22-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herc Holdings Q3 2022: rental revenue up 35.9% to record $706M; raises FY adj. EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447922000032/0001364479-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447922000032/hri-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001364479-22-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer