secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001364479-24-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447924000025/0001364479-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447924000025/hri-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001364479-24-000025

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