Herc Holdings (HRI) Misses Q2 EPS by 31c ; Provides Outlook

Herc Holdings (NYSE: HRI) reported Q2 EPS of $2.60, $0.31 worse than the analyst estimate of $2.91. Revenue for the quarter came in at $848 million versus the consensus estimate of $835.65 million.

Outlook

The Company is reaffirming its full year 2024 equipment rental revenue growth, adjusted EBITDA, and gross and net rental capital expenditures guidance ranges presented below, excluding Cinelease studio entertainment and lighting and grip equipment rental business. The guidance range for the full year 2024 adjusted EBITDA reflects an increase of 6% to 9% compared to full year 2023 results, excluding Cinelease. The sale process for the Cinelease studio entertainment business is ongoing.

Equipment rental revenue growth: - 7% to 10%

Adjusted EBITDA - 1.55 billion to $1.60 billion

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

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