---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-24-000005"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:14:19.983943+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001364479-24-000005
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2024-02-13T23:59:59+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/1364479/000136447924000005/0001364479-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447924000005/hri-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-24-000005
- JSON: https://secwatch.observer/filing/0001364479-24-000005.json
- Plain text: https://secwatch.observer/filing/0001364479-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364479/000136447924000005/0001364479-24-000005-index.htm

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