Herc Holdings (HRI) Tops Q1 EPS by 25c, Revenues Miss; Withdraws FY20 Guidance

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Go back to Herc Holdings (HRI) Tops Q1 EPS by 25c, Revenues Miss; Withdraws FY20 Guidance

Herc Holdings Reports 2020 First Quarter Results

April 23, 2020 6:30 AM EDT

Increased equipment rental revenue 2.4% to $386.5 million, with improved pricing of 2.4%

Reported total revenues of $436.2 million and net loss of $3.7 million, or $0.13 per diluted share

Increased adjusted EBITDA 3.8% to $147.7 million with 400 basis point improvement in adjusted EBITDA margin to 33.9%

Uncertainty related to future impact of COVID-19 results in withdrawal of 2020 guidance

BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended March 31, 2020. Equipment rental revenue was $386.5 million and total revenues were $436.2 million in the first... More