Herc Holdings (HRI) Misses Q3 EPS by 14c, Revenues Beats; Raises Guidance
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Herc Holdings Reports Strong Third Quarter 2022 Results and Raises 2022 Guidance
October 20, 2022 6:30 AM EDT
Third Quarter Highlights
Equipment rental revenue increased 35.9% to a record $706.2 million
Total revenues increased 35.4% to $745.1 million
Net income increased 40.2% to $101.4 million, or $3.36 per diluted share
Adjusted EBITDA grew 40.3% to a record $345.0 million and adjusted EBITDA margin expanded 160 basis points to 46.3%
Repurchased approximately 540,000 shares of common stock
Raises FY 2022 adjusted EBITDA guidance to 36% to 40% growth over the prior year
BONITA SPRINGS, Fla.--(BUSINESS WIRE)-- Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter ended September 30, 2022. Equipment rental revenue was... More
