Herc Holdings (HRI) Tops Q1 EPS by 85c, Raises Outlook
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Herc Holdings Reports First Quarter 2021 Results and Raises Full Year Guidance for 2021
April 22, 2021 6:30 AM EDTEquipment rental revenue increased 3.6% to $400.4 million and total revenues increased 4.0% to $453.8 million
Net income increased to $32.9 million, or $1.09 per diluted share
Adjusted EBITDA expanded 25.0% to $184.6 million and adjusted EBITDA margin of 40.7% rose 680 basis points
Free cash flow increased to $72.5 million
The Company raised full year 2021 adjusted EBITDA guidance to $800 million to $840 million and maintained $400 million to $450 million for net rental equipment capital expenditures
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, 2021. Equipment rental revenue... More
