Herc Holdings (HRI) Misses Q4 EPS by 8c
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Herc Holdings Reports Record Full Year 2022 Results and Announces 2023 Full Year Guidance
February 14, 2023 6:30 AM EST
Fourth Quarter Highlights
Equipment rental revenue increased 31.5% to a record $713.1 million
Total revenues increased 36.0% to a record $786.0 million
Net income increased 36.2% to $97.8 million, or $3.27 per diluted share
Adjusted EBITDA grew 40.8% to a record $361.2 million and adjusted EBITDA margin expanded 160 basis points to 46.0%
Repurchased approximately 510,000 shares of common stock
Full Year Highlights
Equipment rental revenue increased 33.6% to a record $2,551.5 million
Total revenues increased 32.1% to a record $2,738.8 million
Net income increased 47.2% to $329.9 million, or $10.92 per diluted share
Adjusted EBITDA increased 37.2% to a record $1,227.2 million and adjusted EBITDA margin expanded 160 basis points to 44.8%
Repurchased... More
