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Herc Holdings (HRI)
NYSE:HRI
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.24Last Year’s EPS
2.36Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -13.64%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted robust financial performance, strategic growth, and successful mega project participation, but also acknowledged challenges in Cinelease business valuation and local market slowdowns due to interest rates.Company Guidance
During the Herc Holdings Fourth Quarter and Full Year 2024 Earnings Call, the company provided guidance for 2025, highlighting several key financial metrics and strategic initiatives. Equipment rental revenue is expected to grow by 4% to 6%, supported by continued strength in mega projects and specialty solutions, while local markets remain flat. Gross fleet CapEx is projected between $700 million and $900 million, with a focus on specialty fleet. Adjusted EBITDA is anticipated to range from $1.65 billion to $1.75 billion, reflecting a 1% to 6% growth. The company emphasized its commitment to improving fleet efficiency and maintaining a strong balance sheet, with a leverage ratio within the target range. Additionally, Herc Holdings plans to support recent acquisitions and greenfield expansions, aiming to enhance its presence in the top 100 North American markets.Record Level Financial Performance
In 2024, Herc achieved record level results across key financial metrics. Equipment rental revenue was up just over 11% for the full year, and adjusted EPS was $12.88 per share, up about 5% over last year.
Expansion and Growth Strategy
Herc opened 23 greenfield branches and added 28 more locations through 9 acquisitions in 2024, strengthening its urban market growth strategy and enhancing its national account capabilities.
Mega Project Participation
Herc's participation in mega projects led to double-digit rental revenue growth, with national accounts and specialty sales driving improved EBITDA margins.
Safety and Operational Excellence
Achieved 98% perfect days across all operations, maintaining a total recordable incident rate better than the industry's benchmark of 1.0.
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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 |
|---|---|---|---|
| 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% |
| Apr 23, 2024 | $146.01 | $151.03 | +3.44% |
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 17, 2025, TBA Not Confirmed.
What is Herc Holdings (HRI) earnings time?
Herc Holdings (HRI) earnings time is at Apr 17, 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 2.24.
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