earnings
confidence high
sentiment neutral
materiality 0.80
Herc Holdings posts Q4 net loss of $46M on Cinelease impairment; adjusted EPS up 11%
HERC HOLDINGS INC
2024-FY EPS reported
$7.40
revenue$3,568,000,000
- Record Q4 rental revenue $839M +12% YoY; total revenue $951M +14%.
- Reported net loss of $46M ($1.62/sh) from $194M write-down on Cinelease held for sale.
- Adjusted net income $102M ($3.58/sh) vs $92M ($3.24/sh) prior year, +11%.
- FY 2025 guidance: rental revenue growth 4%-6%, adj. EBITDA $1.575B-$1.650B.
- Net rental capex guided $400M-$600M; sale of Cinelease expected in 2025.