Herc Holdings Q1 2026: revenue up 32% to $1.14B, adjusted EBITDA $448M

HERC HOLDINGS INC

2026-Q1 EPS reported -$0.72 revenue$1,139,000,000

Equipment rental revenue $981M (+33%); total revenues $1,139M (+32%).
Net loss $24M ($0.72/diluted share); adjusted net income $7M ($0.21/diluted share).
Adjusted EBITDA $448M (+33%), margin flat at 39.3%; free cash flow $94M nearly doubled.
Affirms FY2026 guidance: equipment rental revenue $4.275B-$4.4B, adj. EBITDA $2.0B-$2.1B.
Completed integration of H&E acquisition; net debt $8.0B with net leverage 3.96x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HERC HOLDINGS INC reported first quarter ended March 31, 2026 results: revenue $1,139 million, net income Net loss of $24 million, EPS $0.72 loss per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2026
Revenue: $1,139 million
Net income: Net loss of $24 million
EPS: $0.72 loss per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2026 Highlights – Equipment rental revenue of $981 million increased 33% – Total revenues of $1,139 million increased 32% – Net loss of $24 million, or $0.72 loss per diluted share, and adjusted net income of $7 million, or $0.21 per diluted share – Adjusted EBITDA of $448 million increased 33% with adjusted EBITDA margin flat at 39% – Free cash flow of $94 million nearly doubled compared to $49 million in the prior year

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Source: SEC EDGAR

accession 0001364479-26-000084

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