---
schema_version: "secwatch.filing_event.v1"
accession: "0001364479-25-000026"
form_type: "8-K"
ticker: "HRI"
cik: "0001364479"
company_name: "HERC HOLDINGS INC"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:09:05.952915+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Herc Holdings Q1 net loss $18M on H&E deal costs; record revenue $861M; FY outlook affirmed

## Summary
- 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.

## SEC filing metadata
- accession: 0001364479-25-000026
- form_type: 8-K
- ticker: HRI
- cik: 0001364479
- company_name: HERC HOLDINGS INC
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364479/000136447925000026/0001364479-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364479/000136447925000026/hri-20250422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364479-25-000026
- JSON: https://secwatch.observer/filing/0001364479-25-000026.json
- Plain text: https://secwatch.observer/filing/0001364479-25-000026.txt

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