Herc Holdings (HRI) Misses Q4 EPS by 5c; Raises 2022 EBITDA Guidance
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Herc Holdings Strong Fourth Quarter Contributes to Record Full Year 2021 Results
February 10, 2022 6:30 AM ESTFourth Quarter Highlights
Equipment rental revenue increased 26.9% to a record $542.4 million Total revenues increased 11.1% to $578.0 million Net income increased to $71.8 million or $2.36 per diluted share Adjusted EBITDA grew 31.1% to a record $256.5 million and adjusted EBITDA margin expanded 680 basis points to 44.4% Completed seven acquisitions in the quarterFull Year Highlights
Equipment rental revenue increased 23.8% to $1,910.4 million Total revenues increased 16.4% to $2,073.1 million Net income increased to $224.1 million or $7.37 per diluted share Adjusted EBITDA increased 29.8% to $894.7 million and adjusted EBITDA margin of... More