Herc Holdings Q2 record revenue $802M (+25%), adj. EBITDA $352M (+24%), reaffirms FY guidance

HERC HOLDINGS INC

2023-Q2 EPS reported $4.93 revenue$1,542,000,000

Record equipment rental revenue $702M (+16% YoY); total revenues $802M (+25%).
Net income $76M ($2.66 diluted EPS) vs $73M ($2.38) last year; adjusted EPS $2.69.
Adjusted EBITDA $352M (+24%); margin 43.9% vs 44.4% due to studio entertainment slowdown.
Rental pricing +7.8% YoY; dollar utilization 40.3% (down from 42.5%).
Reaffirmed FY2023 adjusted EBITDA guidance $1.45B-$1.55B; net rental capex $1.0B-$1.2B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HERC HOLDINGS INC reported quarter ended June 30, 2023 results: revenue $802 million, net income $76 million, EPS $2.66 per diluted share. Guidance reaffirmed.

Period: quarter ended June 30, 2023
Revenue: $802 million
Net income: $76 million
EPS: $2.66 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Herc Holdings Reports Strong Second Quarter 2023 Results and Reaffirms Full-Year 2023 Guidance Second Quarter Highlights – Record equipment rental revenue of $702 million, an increase of 16% – Record total revenues of $802 million, an increase of 25% – Net income increased to $76 million, or $2.66 per diluted share, an increase of 12%

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Source: SEC EDGAR

accession 0001364479-23-000056

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