secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001364479-25-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000026/0001364479-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000026/hri-20250422.htm
  HTML page:      https://secwatch.observer/filing/0001364479-25-000026

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