Herc Holdings reports record FY22 revenue $2.74B, adj. EBITDA $1.23B; guides FY23 adj. EBITDA $1.45-$1.55B

HERC HOLDINGS INC

2022-FY EPS reported $10.92 revenue$2,740,000,000

Q4 equipment rental revenue $713.1M (+31.5%), total rev $786.0M (+36.0%), net income $97.8M ($3.27 EPS), adj. EPS $3.44.
FY22 equipment rental revenue $2,551.5M (+33.6%), net income $329.9M ($10.92 EPS), adj. EBITDA $1,227.2M (+37.2%), margin 44.8%.
FY23 guidance: adj. EBITDA $1.45B-$1.55B (18-26% growth), net rental equipment capex $1.0B-$1.2B.
Repurchased ~1.05M shares for $115.2M in FY22; remaining buyback authorization $280.6M.
FY22 dollar utilization record 43.3%; net leverage 2.4x; quarterly dividend $0.6325/sh payable Mar 9, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HERC HOLDINGS INC updated its fourth quarter and full year ended December 31, 2022 guidance (initiated).

Period: fourth quarter and full year ended December 31, 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On February 14, 2023, Herc Holdings Inc. (the “Company”) issued a press release regarding its financial results for its fourth quarter and full year ended December 31, 2022. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.

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HERC HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001364479-23-000005

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