secwatch.observer — SEC 8-K summary
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Issuer:     HERC HOLDINGS INC (HRI)
CIK:        0001364479
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001364479-25-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herc Holdings posts Q2 net loss of $35M on H&E acquisition costs; updates FY2025 guidance
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- 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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000039/0001364479-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364479/000136447925000039/hri-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001364479-25-000039

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