Herc Holdings (HRI) Tops Q2 EPS by 34c; Raises Outlook

Herc Holdings (NYSE: HRI) reported Q2 EPS of $1.55, $0.34 better than the analyst estimate of $1.21. Revenue for the quarter came in at $490.9 million versus the consensus estimate of $459.77 million.

"Our second quarter performance provides momentum for the rest of 2021," said Larry Silber, president and CEO. "Tight supply of new equipment and steady demand from a number of key markets have provided a positive operating environment. Second quarter total revenues were up 33% and adjusted EBITDA increased 39% compared with last year. Adjusted EBITDA margin rose 170 basis points year-over-year to 42.3% in the second quarter, reflecting solid overall performance and excellent growth in our specialty businesses."

GUIDANCE:

The company raised its outlook:

For earnings history and earnings-related data on Herc Holdings (HRI) click here.

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