---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-23-000056"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T02:59:10.941614+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001364479-23-000056
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2023-07-25T23:59:59+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/1364479/000136447923000056/0001364479-23-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000056/hri-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-23-000056
- JSON: https://secwatch.observer/filing/0001364479-23-000056.json
- Plain text: https://secwatch.observer/filing/0001364479-23-000056.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000056/0001364479-23-000056-index.htm

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