Herc Holdings Reports 2020 First Quarter Results
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Herc Holdings (HRI) Tops Q1 EPS by 25c, Revenues Miss; Withdraws FY20 Guidance
April 23, 2020 6:33 AM EDTHerc Holdings (NYSE: HRI) reported Q1 EPS of $0.04, $0.25 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $436.2 million versus the consensus estimate of $464.48 million.
Equipment rental revenue in the first quarter of 2020 increased 2.4% to $386.5 million compared to $377.6 million in the prior-year quarter. Strong year-over-year improvement in pricing was partially offset by lower volume, as the impact of COVID-19 related orders began to slow the typical upturn in seasonal volume in mid-March.Total revenues were $436.2 million in the first quarter of 2020 compared to $475.7 million in the prior-year period.... More