Company Overview - Herc is a leading full-line equipment rental supplier in North America, with a mission to support customers and communities [3] - The company has experienced a compound annual growth rate (CAGR) of nearly 10% over the past 10 years since going public [3] - Herc has a diverse customer base, with no single customer accounting for more than 3% of its business and no vertical representing more than 10% [4] Workforce and Operations - The company employs approximately 9,600 individuals following the acquisition of H&E Equipment in June [4] - Herc operates over 600 locations across North America, enhancing its service capabilities [4]

Herc (NYSE:HRI) 2026 Conference February 19, 2026 09:40 AM ET Company ParticipantsLarry Silber - CEOMark Humphrey - CFOConference Call ParticipantsKyle Menges - US Machinery AnalystNone - AnalystNone - AnalystKyle MengesWell, I think we can get started. So I'm Kyle Menges. I'm the US machinery analyst at Citi. I'm joined by the Herc team. I've got Larry Silber here, CEO, and then Mark Humphrey, CFO. Larry, I think you had some prepared remarks you wanted to start with?Larry SilberYeah, good.Kyle MengesGet i ...

Company Overview - Herc Rentals is a leading full-line equipment manufacturer and rental supplier in North America, operating with a purpose-driven mission and values [4]. Leadership Introduction - The session features key executives from Herc Rentals, including Larry Silber (President and CEO), Mark Humphrey (Senior Vice President and CFO), and Leslie Hunziker from the Investor Relations team [2].

Herc Rentals FY Conference Summary Company Overview - **Company**: Herc Rentals (NYSE:HRI) - **Industry**: Equipment Rental - **Market Position**: Leading full-line equipment supplier in North America with a market size approaching $90 billion [4][5] - **Workforce**: Approximately 9,600 employees across over 600 locations in 46 states and five Western Canadian provinces [4] Core Insights - **Growth Strategy**: Herc Rentals has been generating above-market growth through investments in fleet, new greenfields, and mergers & acquisitions (M&A) [5] - **Recent Acquisition**: Closed the largest transaction in the industry by acquiring H&E Equipment Services, enhancing branch network and customer reach [6][7] - **Integration Success**: IT integration completed in 90 days, with branch and fleet optimization exercises underway to prepare for peak season [8][13] Financial Performance - **Cost Synergies**: Expected to achieve $125 million in cost synergies impacting EBITDA for 2026, with $35 million already realized in 2025 [21] - **Revenue Synergies**: Projected gross revenue synergies of $390 million over three years, with $40 million achieved in the latter half of 2025 and an expected $100-$120 million in 2026 [21][24] - **CapEx Guidance**: Projected gross CapEx of approximately $1 billion for 2026, with a focus on fleet optimization [31] Market Dynamics - **Rental Market Conditions**: Supply is readily available, with a disciplined market and no significant oversupply. Demand remains stable but challenging, particularly in regions without mega projects [35][36] - **Mega Projects**: $1 trillion worth of work in the pipeline, with Herc Rentals increasing its share in mega projects since 2023 [40][41] Competitive Landscape - **Market Discipline**: The competitive environment remains stable, with major players maintaining discipline in fleet management and market entry [56] - **Future Outlook**: Anticipated improvements in utilization rates and potential for rate increases in the latter half of 2026 [50] Strategic Focus - **Diversification Strategy**: Focus on top 100 metropolitan statistical areas (MSAs) to ensure resilience during uncertain times [6] - **Technology Leadership**: Continued investment in technology to enhance operational efficiency and customer interaction [5] Additional Considerations - **Debt Management**: Plans to utilize free cash flow, projected at $400 million-$600 million for 2026, to pay down debt and return to a 2-3 times leverage ratio by the end of 2027 [67] - **Market Sentiment**: Audience sentiment during the conference indicated a preference for debt paydown and a balanced view on stock valuation multiples for 2026 earnings [60][68]

Herc Holdings Inc. (NYSE: HRI) is a key player in the equipment rental industry, known for its strategic acquisitions and significant market presence. Despite facing a mix of surprises and challenges in its recent financial performance, HRI's strategic moves and financial metrics suggest potential for growth. Key Financial HighlightsEarnings Per Share (EPS): HRI reported an EPS of $0.71, below the estimated $1.87, contrasting with the previous quarter's outperformance.Revenue Trends: The company's revenue w ...

Safety was also emphasized as a key integration element. Silber said Herc onboarded 2,500 new team members into its health and safety program in the second half of 2025. He noted that, measured branch-by-branch, operations achieved over 97% “perfect days” in 2025, and said the total recordable incident rate remained better than the industry benchmark of 1.0.Productivity and cost efficiencies: The company said employee productivity increased year-over-year on a pro forma basis in 2025, supported by unified s ...

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Successfully integrating a transaction of this size while continuing to serve customers at the highest levels requires focus, collaboration, and execution, and our teams have delivered. The integration action taken in the fourth quarter further bolstered the critical work done in the third quarter where we expanded our field operating structure to 10 U.S. regions, adding key leadership roles to ensure operating continuity and scalability, completed a comprehensive sales territory optimization exercise to re ...

Herc (NYSE:HRI) Q4 2025 Earnings call February 17, 2026 08:30 AM ET Company ParticipantsAaron Birnbaum - PresidentLarry Silber - CEOLeslie Hunziker - SVP of Investor Relations and CommunicationsMark Humphrey - SVP and CFONeil Tyler - DirectorRob Wertheimer - Founding Partner of Machinery and New Mobility ResearchTami Zakaria - Executive DirectorConference Call ParticipantsKen Newman - VP and Equity Research AnalystKyle Menghas - VP and Equity Research AnalystMig Dobre - Associate Director of Research and Se ...

Herc (NYSE:HRI) Q4 2025 Earnings call February 17, 2026 08:30 AM ET Company ParticipantsAaron Birnbaum - PresidentLarry Silber - CEOLeslie Hunziker - SVP of Investor Relations and CommunicationsMark Humphrey - SVP and CFONeil Tyler - DirectorRob Wertheimer - Founding Partner of Machinery and New Mobility ResearchTami Zakaria - Executive DirectorConference Call ParticipantsKen Newman - VP and Equity Research AnalystKyle Menges - VP and Equity Research AnalystMig Dobre - Associate Director of Research and Sen ...