Herc Holdings FY 2025 record revenue $4.376B; net income $1M on H&E costs; guides FY26 adj. EBITDA $2.0-2.1B

HERC HOLDINGS INC

2025-FY EPS reported $0.03 revenue$4,376,000,000

Q4 equipment rental revenue $1,039M (+24% YoY); total revenues $1,209M (+27%).
FY25 net income $1M ($0.03/share) impacted by H&E acquisition costs; adjusted net income $239M ($7.61/share, -41% YoY).
Adjusted EBITDA FY25 $1,818M (+15%); margin 41.5% vs 44.4% prior year.
2026 guidance: equipment rental revenue $4.275-4.4B; adjusted EBITDA $2.0-2.1B; net capex $500-800M.
Net leverage 3.95x (pro forma) vs 2.54x; liquidity ~$1.9B; declared quarterly dividend $0.70/share.

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