Overview

* Herc Holdings ( HRI ) Q3 revenue rises 35% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 misses analyst expectations

* Company completed H&E technology integration, enhancing operational efficiency

Outlook

* Herc Holdings ( HRI ) reaffirms 2025 equipment rental revenue of $3.7 bln to $3.9 bln

* Adjusted EBITDA for 2025 expected between $1.8 bln and $1.9 bln

* Net rental equipment capex for 2025 forecasted at $400 mln to $600 mln

Result Drivers

* H&E INTEGRATION - Completion of H&E technology integration enhanced operational efficiency, according to CEO Larry Silber

* RENTAL REVENUE GROWTH - Equipment rental revenue rose 30%, contributing significantly to total revenue increase

* ACQUISITION COSTS - Increased transaction expenses and interest costs linked to H&E acquisition impacted earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.30 $1.29

Revenue bln bln (7

Analysts

)

Q3 Miss $2.22 $2.86 (8

Adjusted Analysts

EPS )

Q3 $74 mln

Adjusted

Net

Income

Q3 Net $30 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy"

* Wall Street's median 12-month price target for Herc Holdings Inc ( HRI ) is $160.00, about 16.7% above its October 27 closing price of $133.28

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)