Herc (NYSE: HRI) reported Q3 EPS of $0.45, $0.30 better than the analyst estimate of $0.15. Revenue for the quarter came in at $457.6 million versus the consensus estimate of $422.31 million.

2017 Guidance

Based on the continuing strength of the Company\'s operating performance and the positive market environment, the Company raised the lower end of its adjusted EBITDA guidance for the full year 2017. The new 2017guidance for adjusted EBITDA is $560 million to $590 million compared with the previous range of $550 million to $590 million.

To meet the strong rental market demand, the Company now expects to spend approximately $355 million to $365 million in net fleet capital expenditures for the full year, an increase from the previous guidance of $275 million to $325 million.

Highlights:

• Achieves 14.7% growth in equipment rental revenues for the third quarter of 2017 over the prior-year period
• Third quarter net income increases to $12.8 million compared to $3.0 million in 2016
• Adjusted EBITDA increases to $176.7 million in the third quarter of 2017 compared with $152.1 million in the prior-year period
• Raises the lower end of its full year 2017 adjusted EBITDA guidance to $560 million from $550 million and maintains high end of $590 million

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