secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001364479-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447924000005/0001364479-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447924000005/hri-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001364479-24-000005

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