Herc Holdings Reports 2019 Third Quarter and Nine Months Results
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Herc Holdings (HRI) Misses Q3 EPS by 15c, Revenues Miss; Updates Adj. EBITDA Outlook
October 23, 2019 6:34 AM EDTHerc Holdings (NYSE: HRI) reported Q3 EPS of $1.48, $0.15 worse than the analyst estimate of $1.63. Revenue for the quarter came in at $508.1 million versus the consensus estimate of $539.18 million.
2019 Third Quarter Highlights
Equipment rental revenue rose to $459.6 million and total revenues were $508.1 millionPricing improved by 4.5%, the 14th consecutive quarter of year-over-year improvementReported net income of $9.4 million or $0.32 per diluted share and adjusted net income of $43.2 million or $1.48 per diluted shareAdjusted EBITDA grew 3.9% to $209.4... More