Herc Holding (HRI) PT Raised to $145 at Baird

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Go back to Herc Holding (HRI) PT Raised to $145 at Baird

Herc Holdings Reports Second Quarter and First Half 2021 Results

July 22, 2021 6:30 AM EDT

Second Quarter Highlights

Equipment rental revenue increased 36.8% to $448.0 million

Total revenues increased 33.4% to $490.9 million

Net income increased to $47.1 million or $1.55 per diluted share

Adjusted EBITDA expanded 39.0% to $207.7 million

Adjusted EBITDA margin rose 170 basis points to 42.3%

Pricing improved by 1.9%

Year-to date free cash flow was $141.1 million

The Company raised full year 2021 guidance for adjusted EBITDA to $840 million to $870 million and net capital fleet expenditures to $500 million to $550 million.

BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings"... More