Herc (HRI) Stock Trades Down, Here Is WhyShares of equipment rental company Herc Holdings (
NYSE:HRI) fell 17.9% in the afternoon session after the company issued a disappointing full-year forecast that overshadowed its second-quarter financial results. While the equipment rental company's revenue grew 18.2% year-over-year to $1.00 billion, it reported a net loss of $35 million. This loss stemmed primarily from $73 million in costs related to its acquisition of H&E Equipment Services and a $49 million asset impairment. The market reacted negatively to the company's updated guidance for the full year, with its revenue projection falling 15% below analyst expectations. The acquisition also increased Herc's debt load and pushed its net leverage ratio to 3.8x, amplifying concerns about the company's financial stability amid the costly integration process.
Herc (NYSE:HRI) Surprises With Q2 Sales But Full-Year Sales Guidance Misses Expectations SignificantlyEquipment rental company Herc Holdings (
NYSE:HRI) announced better-than-expected revenue in Q2 CY2025, with sales up 18.2% year on year to $1.00 billion. On the other hand, the company’s full-year revenue guidance of $3.8 billion at the midpoint came in 15% below analysts’ estimates. Its non-GAAP profit of $1.87 per share was 6.2% above analysts’ consensus estimates.
Herc Holdings Reports First Half 2025 Results and Updates 2025 Full Year Guidance
Herc Holdings Inc. (
NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended June 30, 2025.
Earnings To Watch: Herc (HRI) Reports Q2 Results TomorrowEquipment rental company Herc Holdings (
NYSE:HRI) will be reporting results this Tuesday before market open. Here’s what to look for.
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Herc Holdings Announces Date for Second Quarter 2025 Earnings Call and Webcast
Herc Holdings Inc. (
NYSE: HRI) today announced it will release its second quarter 2025 financial results on July 29, 2025, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company’s results and may discuss or disclose material business, financial, or other information that is not contained in the press release.
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Q1 Earnings Roundup: Herc (NYSE:HRI) And The Rest Of The Specialty Equipment Distributors SegmentLooking back on specialty equipment distributors stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Herc (
NYSE:HRI) and its peers.
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Herc Holdings Completes Acquisition of H&E Equipment Services
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or “the Company”), one of North America’s leading equipment rental suppliers, today announced that it has completed its acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”).
Herc Holdings and H&E Equipment Services Announce Expiration of the Tender Offer to Acquire Shares of H&E Equipment Services and Expected Closing Date
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or “the Company”) and H&E Equipment Services, Inc. d/b/a H&E Rentals (
NASDAQ: HEES) (“H&E”) announced today the expiration of the tender offer to exchange each outstanding share of H&E common stock (the “H&E Shares”) for $78.75 in cash and 0.1287 shares of Herc common stock, in each case without interest (the “Offer”, and such consideration, the “Offer Price”), pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub Inc. (“Merger Sub”) and H&E (the “Merger Agreement”).
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Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or “the Company”) announced today that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (
NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the “Merger Agreement”).
Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.70 per share
Herc Holdings Inc. (
NYSE: HRI), one of North America’s leading equipment rental suppliers, today announced that its Board of Directors has declared the Company's quarterly dividend of $0.70 per share.
Herc Holdings Announces Pricing of $2.75 Billion of Senior Unsecured Notes Offering
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or the “Company”) today announced today announced that it has priced $1,650 million aggregate principal amount of 7.000% senior unsecured notes due 2030 (the “2030 notes”) and $1,100 million aggregate principal amount of 7.250% senior unsecured notes due 2033 (the “2033 notes” and, together with the 2030 notes, the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will initially be issued by the Company’s wholly owned subsidiary, Herc Holdings Escrow, Inc. (the “Escrow Issuer”). The closing of the Offering is expected to occur on or about June 2, 2025, subject to customary closing conditions.
Herc Holdings Announces Proposed Private Offering of Senior Unsecured Notes
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or the “Company”) today announced that its wholly owned subsidiary, Herc Holdings Escrow, Inc. (the “Escrow Issuer”), intends to offer $2,750 million aggregate principal amount of senior unsecured notes due 2030 and senior unsecured notes due 2033 (together, the “notes”) in a private offering (the “Offering”) exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The terms of the notes will be determined at the time of pricing of the notes.
Herc Holdings Announces Expiration of HSR Act Waiting Period for Planned Acquisition of H&E Equipment Services
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or “the Company”), one of North America’s leading equipment rental suppliers, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with the previously announced agreement for the Company to acquire H&E Equipment Services, Inc. (
NASDAQ: HEES) (“H&E”). In addition, the Company announced that the Securities and Exchange Commission had declared its Registration Statement on Form S-4 effective.
Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services
Herc Holdings Inc. (
NYSE: HRI) (“Herc” or “the Company”) announced today that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (
NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub, Inc. and H&E (the “Merger Agreement”).
