---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-23-000044"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:24:46.062124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Herc Holdings posts record Q1 revenue of $740M, up 30%; adjusted EBITDA $308M, affirms FY guidance

## Summary
- Equipment rental revenue $654M (record), up 24% YoY; total revenue $740M up 30%.
- Net income $67M ($2.28 diluted EPS); adjusted net income $69M ($2.35 diluted EPS).
- Adjusted EBITDA $308M (+30%); margin 41.6% vs 41.7% prior; rental pricing +7% YoY.
- Affirms FY 2023 adjusted EBITDA $1.45B-$1.55B; net rental capex $1.0B-$1.2B.
- Repurchased ~460K shares for $52M; net leverage 2.5x; dividend raised 10% to $0.6325.

## SEC filing metadata
- accession: 0001364479-23-000044
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000044/0001364479-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000044/hri-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-23-000044
- JSON: https://secwatch.observer/filing/0001364479-23-000044.json
- Plain text: https://secwatch.observer/filing/0001364479-23-000044.txt

## Key facts
- Earnings Releases
  HERC HOLDINGS INC updated its first quarter ended March 31, 2023 guidance (reaffirmed).
  - Period: first quarter ended March 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: issued a press release regarding its financial results for its first quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000044/0001364479-23-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.