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Herc Holdings (HRI)
NYSE:HRI
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.25Last Year’s EPS
2.36Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: -5.97%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Herc Holdings demonstrated growth in equipment rental revenue and made strategic moves with the acquisition of H&E Equipment Services, challenges such as local market difficulties, weather disruptions, and margin pressures were significant. The company remains optimistic about its long-term strategy and growth opportunities, particularly in the specialty fleet and national accounts, but near-term pressures are notable.Company Guidance
During Herc Holdings' Q1 2025 earnings call, the company reported a 5% growth in equipment rental revenue, excluding their Cinelease business, which is held for sale. They noted a significant focus on integrating their recent acquisition of H&E Equipment Services to expand their U.S. presence and enhance long-term opportunities. Herc's strategy involves leveraging their broad capabilities, including a diversified fleet mix and technology leadership, to manage market cycles and drive sustainable growth. The company also highlighted ongoing strength in national accounts driven by large construction projects, while acknowledging challenges in local markets due to high interest rates. Safety remained a priority, with operations achieving at least 96% of perfect days. The management reiterated their confidence in achieving revenue synergies from the H&E acquisition and maintaining a strong capital discipline to generate higher returns.Equipment Rental Revenue Growth
Equipment rental revenue increased by approximately 5% in the first quarter, driven by strong megaproject activity and the integration of 2024 acquisitions.
H&E Equipment Services Acquisition
Executed a merger agreement to acquire H&E Equipment Services and its 160 U.S. branch locations, expanding scale and geographic coverage. The integration is expected to create significant revenue synergies over a three-year period.
Safety and Operational Efficiency
Achieved 96% of days as perfect in safety measures across all operations. Total reportable incident rate remains below the industry's benchmark of 1.0.
Continued Investment in Specialty Fleet
Increased specialty fleet CapEx to support mega projects and cross-sell opportunities, with specialty fleet representing about 24% of the total fleet.
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HRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 22, 2025 | $111.50 | $102.34 | -8.22% |
| Feb 13, 2025 | $207.14 | $194.67 | -6.02% |
| Oct 22, 2024 | $167.94 | $197.27 | +17.46% |
| Jul 23, 2024 | $142.62 | $151.54 | +6.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Herc Holdings (HRI) report earnings?
Herc Holdings (HRI) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Herc Holdings (HRI) earnings time?
Herc Holdings (HRI) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRI EPS forecast?
HRI EPS forecast for the fiscal quarter 2025 (Q1) is 2.25.
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