Herc Holdings Q3 record revenue $908M (+22% YoY), net income $113M; exploring Cinelease sale

HERC HOLDINGS INC

2023-Q3 EPS reported $8.89 revenue$2,450,000,000

Total revenues $908M (+22% YoY); net income $113M ($3.96 diluted EPS) vs $101M ($3.36) prior year.
Adjusted EBITDA $410M (+19% YoY); margin 45.2% vs 46.3% prior year.
Exploring strategic alternatives for Cinelease studio entertainment business; expects transaction within one year.
Narrows FY2023 adjusted EBITDA guidance to $1.45B-$1.50B (prev $1.45B-$1.55B); net rental capex guidance $1.0B-$1.1B.
Rental pricing +6.9% YoY; dollar utilization 42.1% (down from 45.3% due to studio & supply chain).

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 0.95

HERC HOLDINGS INC reported third quarter ended September 30, 2023 results: revenue $908 million, net income $113 million, EPS $3.96 per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $908 million
Net income: $113 million
EPS: $3.96 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Herc Holdings Reports Strong Third Quarter 2023 Results and Narrows Full-Year 2023 Guidance Third Quarter Highlights – Record total revenues of $908 million, an increase of 22% – Net income increased to $113 million, or $3.96 per diluted share, an increase of 18%

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Source: SEC EDGAR

accession 0001364479-23-000062

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