Herc Holdings reports record FY2023 total revenue $3.282B (+20%); Q4 adj EBITDA +6%

HERC HOLDINGS INC

2023-FY EPS reported $12.09 revenue$3,282,000,000

FY2023 net income $347M (+5%), diluted EPS $12.09; Q4 net income $91M (-7%), adj EPS $3.24.
FY2023 adj EBITDA $1,452M (+18%), margin 44.2%; Q4 adj EBITDA $382M (+6%), margin 46.0%.
2024 guidance: equipment rental revenue growth 7-10%, adj EBITDA $1.55B-$1.60B, net capex $500M-$700M.
Quarterly dividend raised 5% to $0.665/share; payable March 7, 2024 to holders of record Feb 21.
Added 42 new locations in 2023; repurchased 1.1M shares for $120M; net leverage 2.5x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HERC HOLDINGS INC reported fourth quarter and full year ended December 31, 2023 results: revenue $831 million, net income $91 million, EPS $3.20 per diluted share. Guidance initiated.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $831 million
Net income: $91 million
EPS: $3.20 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Herc Holdings Reports Strong Full Year 2023 Results and Announces 2024 Full Year Guidance Fourth Quarter 2023 Highlights – Record total revenues of $831 million, an increase of 6% – Net income decreased 7% to $91 million, or $3.20 per diluted share

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HERC HOLDINGS INC filing history →

Source: SEC EDGAR

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