earnings
confidence high
sentiment negative
materiality 0.80
Herc Holdings posts Q2 net loss of $35M on H&E acquisition costs; updates FY2025 guidance
HERC HOLDINGS INC
2025-Q2 EPS reported
-$1.82
revenue$1,863,000,000
- Equipment rental revenue $870M (+14% YoY); total revenues $1,002M (+18% YoY)
- Net loss of $35M ($1.17 per share) vs net income $70M prior year; driven by $73M transaction costs and $49M loss on Cinelease assets held for sale
- Adjusted EBITDA $406M (+13%); adjusted EBITDA margin 40.5% vs 42.5% prior year
- Closed H&E acquisition on June 2, 2025; financed with $4.4B new debt at weighted avg rate 6.8%
- FY2025 guidance: equipment rental revenue $3.7-3.9B, adjusted EBITDA $1.8-1.9B, net capex $400-600M