Herc Holdings (HRI) Tops Q2 EPS by 68c, Offers Outlook

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Go back to Herc Holdings (HRI) Tops Q2 EPS by 68c, Offers Outlook

Herc Holdings Reports Second Quarter and First Half 2020 Results

July 23, 2020 6:30 AM EDT

Second Quarter 2020 Highlights

Equipment rental revenue of $327.6 million was comprised of sequential monthly improvement from April to June; total revenues were $368.0 million

Pricing remained flat in the quarter compared with the same prior-year period

Net income was $2.0 million, or $0.07 per diluted share

Adjusted EBITDA was $149.4 million; adjusted EBITDA margin improved 380 bps to 40.6%

Company issues 2020 adjusted EBITDA guidance of $625 million to $650 million

BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended... More