Herc Holdings (HRI) Tops Q3 EPS by 6c; Reaffirms Full-year EBITDA of $870M-$890M
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Herc Holdings Reports Third Quarter and Nine Months 2021 Results
October 21, 2021 6:30 AM EDTThird Quarter 2021 Highlights
Equipment rental revenue increased 29.2% to $519.6 million Total revenues increased 20.5% to $550.4 million Net income increased to $72.3 million or $2.37 per diluted share Adjusted EBITDA expanded 25.0% to $245.9 million Adjusted EBITDA margin rose 160 basis points to 44.7% Pricing improved 2.8% Year-to-date free cash flow was $114.6 million The Company affirmed its full year 2021 guidance range for adjusted EBITDA of $870 million to $890 million and net capital fleet expenditures of $500 million to $550 million The Company declared its first quarterly dividend of $0.50 per share, to holders of record as of October 20,... More