Herc Holdings Inc.
Description
Herc Holdings Inc., together with its subsidiaries, operates as an equipment rental supplier in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company offers ProSolutions, an industry specific solution-based services, which include power generation, climate control, remediation and restoration, pump, trench shoring, and studio and production equipment; and ProContractor professional grade tools. In addition, it provides various services, including repair, maintenance, equipment management, and safety training; and equipment re-rental and on-site support services, as well as ancillary services, such as equipment transport, rental protection, cleaning, refueling, and labor. Further, the company sells used equipment and contractor supplies, such as construction consumables, tools, small equipment, and safety supplies. It serves non-residential and residential construction, specialty trade, restoration, remediation and environment, and facility maintenance contractors; industrial manufacturing industries, including refineries and petrochemical, automotive and aerospace, power, metals and mining, agriculture, pulp, paper and wood, and food and beverage industries; infrastructure and government sectors; and commercial facilities, commercial warehousing, education, healthcare, data centers, hospitality, retail, special event management customers. The company sells its products through its sales team and industry catalogs, as well as through participation and sponsorship of industry events, trade shows, and Internet. Herc Holdings Inc. was incorporated in 1965 and is based in Bonita Springs, Florida.
About
CEO
Mr. Lawrence H. Silber
Employees
7,200
Instrument type
Common Stock
Sector
Industrials
Industry
Rental & Leasing Services
MIC code
XNYS
Address
27500 Riverview Center Boulevard, Bonita Springs, FL 34134, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 20, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Feb 11, 2025 | 3.98 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 9 |
| Average estimate | — | 2.52 | — | 15.13 |
| Low estimate | — | 2.09 | — | 13.92 |
| High estimate | — | 2.93 | — | 16.23 |
| Last year EPS | — | 2.36 | — | 13.34 |
[stock_revenue_estimate]
Growth estimates
Current qtr
21.720%
Next qtr. (Mar 2025)
6.890%
Current year
8.490%
Next year (Dec 2025)
13.400%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.28B | 2.74B | 2.07B | 1.78B | 2.00B |
| Cost of revenue | 2.06B | 1.68B | 1.32B | 1.25B | 1.46B |
| Gross profit | 1.22B | 1.07B | 756.00M | 526.60M | 542.30M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 448.00M | 411.00M | 310.00M | 257.40M | 294.80M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 663.00M | 559.00M | 378.00M | 206.70M | 247.50M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 224.00M | 122.00M | 86.00M | 92.60M | 119.90M |
| Other income expense | 8.00M | -3.00M | -1.00M | -20.00M | -64.00M |
| Pretax income | 447.00M | 434.00M | 291.00M | 94.10M | 63.60M |
| Tax provision | 100.00M | 104.00M | 67.00M | 20.40M | 16.10M |
| Net income | 347.00M | 330.00M | 224.00M | 73.70M | 47.50M |
| Basic EPS | 12.18 | 11.15 | 7.57 | 2.53 | 1.66 |
| Diluted EPS | 12.09 | 10.92 | 7.37 | 2.51 | 1.63 |
| Basic average shares | 28.50M | 29.60M | 29.60M | 29.10M | 28.70M |
| Diluted average shares | 28.50M | 29.60M | 29.60M | 29.10M | 28.70M |
| EBITDA | 1.43B | 1.19B | 865.00M | 668.50M | 720.00M |
| Net income from continuing op. | 347.00M | 330.00M | 224.00M | 73.70M | 47.50M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 7.06B | 5.96B | 4.49B | 3.59B | 3.82B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 71.00M | 54.00M | 35.10M | 33.00M | 33.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 563.00M | 523.00M | 388.10M | 301.20M | 306.70M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | 21.00M | — | — | — | 31.10M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 77.00M | 67.00M | 46.50M | 32.90M | 28.90M |
| Non current assets | |||||
| Properties | 6.45B | 5.96B | 4.67B | 3.87B | 4.03B |
| Land and improvements | 131.00M | 143.00M | 123.70M | 117.30M | 116.10M |
| Machinery furniture equipment | 614.00M | 517.00M | 433.50M | 393.80M | 408.60M |
| Construction in progress | 20.00M | 20.00M | 6.50M | 7.20M | 9.40M |
| Leases | 122.00M | 112.00M | 105.60M | 105.80M | 94.30M |
| Accumulated depreciation | -2.38B | -2.32B | -1.95B | -1.69B | -1.65B |
| Goodwill | 1.43B | 1.27B | 851.70M | 496.90M | 478.70M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 467.00M | 431.00M | 388.70M | 295.90M | 291.50M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 418.00M | 34.00M | 13.10M | 18.20M | 23.10M |
| Total liabilities | 5.79B | 4.85B | 3.51B | 2.85B | 3.17B |
| Current liabilities | |||||
| Accounts payable | 212.00M | 318.00M | 280.60M | 125.80M | 126.50M |
| Accrued expenses | 106.00M | 102.00M | 82.30M | 70.50M | 72.40M |
| Short term debt | 56.00M | 58.00M | 53.90M | 47.90M | 60.90M |
| Deferred revenue | 18.00M | 20.00M | 13.70M | 13.50M | 11.30M |
| Tax payable | 28.00M | 33.00M | 36.90M | 29.10M | 16.00M |
| Pensions | 51.00M | 62.00M | 55.20M | 33.40M | 26.80M |
| Other current liabilities | 19.00M | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 4.42B | 3.56B | 2.41B | 2.00B | 2.35B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 743.00M | 647.00M | 536.80M | 474.00M | 459.30M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 46.00M | 40.00M | 32.10M | 44.30M | 39.00M |
| Shareholders equity | |||||
| Common stock | — | — | 300,000 | 300,000 | 300,000 |
| Retained earnings | 498.00M | 224.00M | -53.40M | -277.50M | -351.20M |
| Other shareholders equity | -118.00M | -129.00M | -100.20M | -107.00M | -109.70M |
| Total shareholders equity | 1.27B | 1.11B | 976.90M | 742.00M | 644.30M |
| Additional paid in capital | 1.82B | 1.82B | 1.82B | 1.82B | 1.80B |
| Treasury stock | 927.00M | 807.00M | 692.00M | 692.00M | 692.00M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 347.00M | 330.00M | 224.00M | 73.70M | 47.50M | 69.10M | 160.30M | -19.70M | 111.30M | 89.70M | 98.10M | 61.40M |
| Depreciation | 755.00M | 631.00M | 488.00M | 466.40M | 470.10M | 444.80M | 430.40M | 395.30M | 420.90M | 415.10M | 394.20M | 361.30M |
| Deferred Taxes | 89.00M | 83.00M | 53.00M | 11.90M | 10.70M | -10.50M | -228.40M | 12.30M | 22.30M | 33.40M | 33.50M | 9.50M |
| Stock-Based Compensation | 18.00M | 27.00M | 23.00M | 16.40M | 19.50M | 13.40M | 10.10M | 5.50M | 2.70M | 1.40M | 5.30M | 4.80M |
| Other Non-Cash Items | 5.00M | 9.00M | 9.00M | 8.10M | 8.90M | 6.80M | 8.20M | 14.20M | 13.80M | 4.80M | 24.50M | 500,000 |
| Accounts Receivable | -98.00M | -172.00M | -92.00M | -24.60M | -38.30M | -29.90M | -131.60M | -59.20M | -20.10M | -59.50M | -25.60M | -57.00M |
| Accounts Payable | 7.00M | -23.00M | 23.00M | -6.40M | -12.90M | -1.70M | -10.00M | 9.20M | -5.20M | -28.80M | 42.90M | -2.10M |
| Other Assets & Liabilities | -22.00M | -15.00M | -10.00M | -7.90M | 4.10M | 3.60M | -4.20M | -21.40M | -18.50M | -13.20M | -7.90M | -13.50M |
| Operating Cash Flow | 1.10B | 870.00M | 718.00M | 537.60M | 509.60M | 495.60M | 234.80M | 336.20M | 527.20M | 442.90M | 565.00M | 364.90M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -980.00M | -1.04B | -482.00M | -145.00M | -406.50M | -489.40M | -335.40M | -347.20M | -442.10M | -419.10M | -540.30M | -580.80M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -430.00M | -515.00M | -431.00M | -21.10M | -4.20M | — | — | — | 126.40M | — | — | -196.60M |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -1.43B | -1.58B | -913.00M | -166.10M | -406.70M | -489.40M | -328.40M | -350.60M | -313.00M | -385.60M | -589.50M | -769.40M |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | — | — | — | — | 1.20B | 6.40M | 119.50M | 1.24B | 1.87B | — | 2.45B | 2.76B |
| Long-Term Debt Payments | -1.40B | -1.63B | -893.00M | -938.60M | -2.56B | -745.80M | -605.60M | -934.90M | -2.22B | -2.43B | -2.34B | -2.57B |
| Other Financing Charges | -26.00M | -23.00M | -9.00M | -3.30M | -45.20M | -4.80M | -7.50M | -2.14B | 847.60M | -100.50M | 430.90M | 127.10M |
| Financing Cash Flow | -882.00M | -835.00M | -665.00M | -1.34B | -1.84B | -608.70M | -269.80M | -929.70M | -454.10M | -2.48B | -16.60M | 326.40M |
| Other Cash Details | ||||||||||||
| End Cash Position | 71.00M | 54.00M | 35.00M | 33.00M | 33.00M | 27.80M | 41.50M | 31.00M | 24.70M | 18.90M | 15.40M | 23.20M |
| Income Tax Paid | 30.00M | 22.00M | 23.00M | 5.00M | 7.90M | 13.40M | 5.50M | 2.90M | 10.10M | 23.60M | 17.60M | 14.40M |
| Interest Paid | 221.00M | 114.00M | 83.00M | 92.40M | 130.60M | 129.30M | 131.70M | 70.70M | 27.70M | 46.90M | 35.20M | 33.80M |
| Free Cash Flow | -390.00M | -355.00M | 102.00M | 225.40M | -59.70M | -289.90M | -226.90M | -82.70M | -180.60M | -189.00M | -162.10M | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 895,013 | 182.65M | 3.15% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 792,924 | 161.81M | 2.79% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 723,000 | 147.54M | 2.55% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 710,625 | 145.02M | 2.50% |
| Smallcap World Fund | Sep 30, 2024 | 639,214 | 130.44M | 2.25% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 602,335 | 122.92M | 2.12% |
| New Economy Fund (The) | Nov 30, 2024 | 471,500 | 96.22M | 1.66% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 424,424 | 86.61M | 1.49% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 391,957 | 79.99M | 1.38% |
| First Trust RBA American Industrial RenaissanceTM ETF | Nov 30, 2024 | 348,246 | 71.07M | 1.23% |
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