secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001364479-23-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447923000005/0001364479-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447923000005/hri-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001364479-23-000005

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