Highest-materiality recent filing
Herc Holdings Q1 2026: revenue up 32% to $1.14B, adjusted EBITDA $448M
Equipment rental revenue $981M (+33%); total revenues $1,139M (+32%).
Q4 equipment rental revenue $1,039M (+24% YoY); total revenues $1,209M (+27%).
Herc Holdings refinances $1.2B debt with new 5.75%/6.00% notes due 2031/2034
Issued $600M 5.750% notes due 2031 and $600M 6.000% notes due 2034, net proceeds used to redeem all $1.2B of 5.50% Senior Notes due 2027.
Herc Holdings prices $1.2B in senior notes; proceeds to redeem $1.2B 2027 notes
Priced $600M of 5.750% notes due 2031 and $600M of 6.000% notes due 2034.
Herc Holdings names Aaron Birnbaum President; adds two independent directors
Aaron Birnbaum, current COO, elected President effective Jan 1, 2026; CEO Larry Silber remains CEO.
Herc Holdings Q3 revenue up 35% to $1.3B; adj. EPS $2.22; reaffirms FY guidance
Equipment rental revenue $1,122M (+30% YoY); total revenues $1,304M (+35%).
Herc Holdings sells Cinelease business to Zello for $100M cash plus earnouts
Sale completed July 31, 2025; initial cash consideration $100M, plus potential earnouts.
Herc Holdings posts Q2 net loss of $35M on H&E acquisition costs; updates FY2025 guidance
Equipment rental revenue $870M (+14% YoY); total revenues $1,002M (+18% YoY)
Completed acquisition of H&E Equipment Services; H&E stockholders received $78.75 cash + 0.1287 Herc shares per share.
Herc Holdings prices $2.75B notes at 7.000% and 7.250% to fund H&E acquisition
$1.65B of 7.000% senior unsecured notes due 2030 and $1.1B of 7.250% notes due 2033 priced.
Herc Holdings provides pro forma financing details for $4.8B H&E acquisition
Combined company TEV $12+ billion; pro forma revenue ~$5.1B, Adj. EBITDA (synergized) ~$2.3B.
Herc Holdings Q1 net loss $18M on H&E deal costs; record revenue $861M; FY outlook affirmed
Record equipment rental revenue $739M (+3%), total revenue $861M (+7%); dollar utilization 37.6% vs 39.7%.
Tender offer for all H&E shares at $78.75 cash and 0.1287 Herc common shares per H&E share.
Herc Holdings amends ABL facility to permit H&E Equipment Services acquisition
Third Amendment to ABL Credit Facility executed on March 11, 2025.
Herc Holdings to acquire H&E Equipment Services for $78.75 cash + 0.1287 shares per share
Per H&E share: $78.75 cash + 0.1287 HRI shares; H&E board unanimously recommends tender.
Herc Holdings to acquire H&E Equipment Services for $104.89/share; expects $300M EBITDA synergies
Herc acquires H&E for $78.75 cash + 0.1287 Herc shares per share; total value $104.89/share (10-day VWAP).
Herc Holdings proposes to acquire H&E Equipment Services for $104.89/share in cash and stock
Herc offers $78.75 cash + 0.1287 Herc shares per H&E share, total $104.89, a 14% premium to United Rentals' $92.00 cash bid.
Herc Holdings posts Q4 net loss of $46M on Cinelease impairment; adjusted EPS up 11%
Record Q4 rental revenue $839M +12% YoY; total revenue $951M +14%.
Herc Holdings reports record Q3 rental revenue $866M (+13% YoY); raises FY revenue guidance
Q3 total revenues $965M (+6% YoY); net income $122M (+8%); adjusted EPS $4.35 vs $4.00 prior year.
Record equipment rental revenue of $765M, up 9% year-over-year; total revenues $848M, up 6%.
Herc Holdings issues $800M of 6.625% Senior Notes due 2029
Issued $800M aggregate principal amount of 6.625% Senior Notes due June 15, 2029.
Herc Holdings prices $800M of 6.625% senior notes due 2029, upsized from $500M
Initially offered $500M senior unsecured notes due 2029 on June 4, 2024.
Herc Holdings Q1 2024 record revenue $804M (+9%), adj. EBITDA +10%, affirms FY2024 guidance
Record Q1 total revenue $804M (+9% YoY); net income $65M ($2.29 diluted EPS) down 3% due to higher interest and tax rate.
Herc Holdings reports record FY2023 total revenue $3.282B (+20%); Q4 adj EBITDA +6%
FY2023 net income $347M (+5%), diluted EPS $12.09; Q4 net income $91M (-7%), adj EPS $3.24.
Herc Holdings Q3 record revenue $908M (+22% YoY), net income $113M; exploring Cinelease sale
Total revenues $908M (+22% YoY); net income $113M ($3.96 diluted EPS) vs $101M ($3.36) prior year.
Herc Holdings Q2 record revenue $802M (+25%), adj. EBITDA $352M (+24%), reaffirms FY guidance
Record equipment rental revenue $702M (+16% YoY); total revenues $802M (+25%).
Herc Holdings posts record Q1 revenue of $740M, up 30%; adjusted EBITDA $308M, affirms FY guidance
Equipment rental revenue $654M (record), up 24% YoY; total revenue $740M up 30%.
Herc Holdings appoints Mark Humphrey as CFO; Mark Irion resigns effective March 10
Mark Humphrey promoted to SVP & CFO effective March 10, succeeding Mark Irion who resigned for another opportunity.
Q4 equipment rental revenue $713.1M (+31.5%), total rev $786.0M (+36.0%), net income $97.8M ($3.27 EPS), adj. EPS $3.44.
Herc Holdings Q3 2022: rental revenue up 35.9% to record $706M; raises FY adj. EBITDA guidance
Total revenue $745.1M (+35.4% YoY); equipment rental revenue record $706.2M (+35.9% YoY).
Herc Holdings Q2 revenue +30.5% to $640.4M; EPS $2.38; raises FY adj. EBITDA low end
Equipment rental revenue record $605.4M (+35.1% YoY); total revenues $640.4M (+30.5%).
Herc upsizes ABL facility to $3.5B, extends maturity to July 2027
Revolving credit commitments increased to $3.5 billion from prior amount.
Herc Holdings Q1 2022: Record rental revenue up 31.6%, raises FY guidance
Equipment rental revenue record $526.8M (+31.6% YoY); total revenue $567.3M (+25.0%).
Herc Holdings Q4 rental revenue up 26.9%; raises FY22 EBITDA guidance; boosts dividend 15%
Q4 equipment rental revenue record $542.4M (+26.9% YoY); total revenue $578.0M (+11.1%).
On May 29, 2025, the Company expanded the size of its Board of Directors (the “Board”) from seven members to eight members and, under the terms of the Merger Agreement, appointed Mr. John M. Engquist (who previously served as a member on the H&E board of directors) to the Board.
On March 14, 2023, Mr. Steven D. Miller and Mr. Hunter C. Gary resigned as members of the Board of Directors (the “Board”) of Herc Holdings Inc. (the “Company”).
On March 14, 2023, Mr. Steven D. Miller and Mr. Hunter C. Gary resigned as members of the Board of Directors (the “Board”) of Herc Holdings Inc. (the “Company”).
Mr. Humphrey is succeeding Mark Irion who resigned as the Company’s Senior Vice President and Chief Financial Officer, effective March 10, 2023.
On March 9, 2023, Herc Holdings Inc. (the “Company”) announced the appointment of W. Mark Humphrey to serve as the Senior Vice President and Chief Financial Officer, effective March 10, 2023.
On March 9, 2023, the Company also announced the appointment of Mark A. Schumacher to serve as the Vice President, Chief Accounting Officer and Controller, effective March 10, 2023.
On March 3, 2023, Mr. Andrew Teno resigned as a member of the Board of Directors (the “Board”) of Herc Holdings Inc. (the “Company”).
On December 2, 2021, the Board elected Rakesh Sachdev to serve as a director on the Board.
On December 2, 2021, Mary Pat Salomone retired from the Board of Directors (the “Board”) of Herc Holdings Inc. (the “Company”).
Max materiality 0.95 · Median 0.72 · Most common event earnings