---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-24-000025"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:41:44.287197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Herc Holdings Q1 2024 record revenue $804M (+9%), adj. EBITDA +10%, affirms FY2024 guidance

## Summary
- Record Q1 total revenue $804M (+9% YoY); net income $65M ($2.29 diluted EPS) down 3% due to higher interest and tax rate.
- Adjusted EBITDA $339M (+10%), margin 42.2% vs 41.6% a year ago; rental pricing up 5.1%.
- Affirms FY2024 guidance: equipment rental revenue growth 7-10%, adjusted EBITDA $1.55B-$1.60B, net capex $500M-$700M.
- Added 15 locations in Q1 via 4 acquisitions and 4 greenfields; corporate credit rating upgraded to BB by S&P.

## SEC filing metadata
- accession: 0001364479-24-000025
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364479/000136447924000025/0001364479-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447924000025/hri-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-24-000025
- JSON: https://secwatch.observer/filing/0001364479-24-000025.json
- Plain text: https://secwatch.observer/filing/0001364479-24-000025.txt

## Key facts
- Earnings Releases
  HERC HOLDINGS INC reported first quarter ended March 31, 2024 results: revenue $804 million, net income $65 million, EPS $2.29 per diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $804 million
  - Net income: $65 million
  - EPS: $2.29 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: (EX-99.1) --- Herc Holdings Reports Strong First Quarter 2024 Results and Affirms 2024 Full Year Guidance First Quarter 2024 Highlights – Record first quarter total revenues of $804 million, an increase of 9% – Net income decreased 3% to $65 million, or $2.29 per diluted share – Adjusted EBITDA of $339 million increased 10%; adjusted EBITDA margin increased to 42.2%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1364479/000136447924000025/0001364479-24-000025-index.htm

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