Herc (NYSE: HRI) reported Q1 EPS of ($1.39), which may not compare with the analyst estimate of ($0.37). Revenue for the quarter came in at $389.4 million versus the consensus estimate of $366.74 million.

"Our revenues and pricing were strong in the first quarter despite the industry's normal seasonality and continuing headwinds in upstream oil and gas," said Larry Silber, president and chief executive officer. "Rental revenue growth in key markets was particularly robust, and we remain confident in our strategy. The continuing progress we are making in expanding our customer base and increasing revenue in key markets was offset by the impact of stand-alone public company costs, certain business transformation and other costs, and investments in our sales organization and branch operations."

"Our strategy is on track as we continue to shift our fleet mix to include a greater variety of higher dollar utilization fleet. In addition, net fleet capital expenditures reflect our disciplined approach to capital management through well-managed fleet rotation. We expect to deliver improved EBITDA margins over time as our expansion in high-growth, urban markets offers opportunities to outperform overall equipment rental industry growth rates."

The company is affirming 2017 adjusted EBITDA and net fleet capital expenditures guidance.

• Adjusted EBITDA is expected to be in the range of $550 to $590 million.
• Net fleet capital expenditures are expected to be in the range of $275 to $325 million.

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