---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-23-000062"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:25:07.754818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001364479-23-000062
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000062/0001364479-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000062/hri-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-23-000062
- JSON: https://secwatch.observer/filing/0001364479-23-000062.json
- Plain text: https://secwatch.observer/filing/0001364479-23-000062.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364479/000136447923000062/0001364479-23-000062-index.htm

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