Successful Acquisition of H&E Equipment Services
Herc Holdings successfully completed the acquisition of H&E Equipment Services, with integration activities well underway to ensure smooth transition and synergy capture.
Record Equipment Rental Revenue Growth
Equipment rental revenue was up 15.6% year-over-year, reflecting strong mega project activity and moderated growth in local markets.
Optimized Fleet Management
Herc Holdings optimized its fleet management by disposing of 82% more fleet on an OEC basis compared to the previous year, with realized proceeds at 44% of OEC.
Safety Excellence
The company achieved at least 96% of days as perfect in terms of safety across all branches, with a total recordable incident rate better than the industry benchmark of 1.0.
Strong Specialty Segment Growth
Specialty fleet represents 18% of total fleet composition, with plans to return to 20% as part of long-term growth strategy.