earnings
confidence high
sentiment negative
materiality 0.75
Herc Holdings Q1 net loss $18M on H&E deal costs; record revenue $861M; FY outlook affirmed
HERC HOLDINGS INC
2025-Q1 EPS reported
-$0.63
revenue$861,000,000
- Record equipment rental revenue $739M (+3%), total revenue $861M (+7%); dollar utilization 37.6% vs 39.7%.
- Net loss $18M ($0.63/sh) vs net income $65M; adjusted EPS $1.30 (down 45%); adjusted EBITDA flat at $339M (margin 39.4%).
- Transaction expenses $74M (vs $3M) including $64M termination fee to United Rentals for H&E acquisition.
- Affirms FY2025 guidance: rental revenue growth 4-6%, adj. EBITDA $1.575-1.650B, net capex $400-600M.
- H&E acquisition closing targeted mid-year; quarterly dividend raised 5% to $0.70/share.