BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) today announced it will release its fourth quarter and full year 2023 financial results on February 13, 2024, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company’s results and may discuss or disclose material business, financial, or other information that is not contained in the press release. A live webcast of the event will be available at ...

| --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------|-------|-------------------------------|-----------------------------------------------------------|-------|-----------------------------|-------------------| | $ in millions | Herc | 2023 \nStudio Entertainment | Three Months Ended September 30, \nHerc, excl Studio Herc | | 2022 \nStudio Entertainment | Herc, excl Studio | | Net income $113 ($18) $131 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33139 HERC HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-3530539 (State or other jurisdiction of incorporation or or ...

• Completed 3 acquisitions - 4 locations; opened 6 greenfield locations Elevate Technology Integrate ESG • Regular divided declared; Repurchased ~520,000 shares in Q2 | --- | --- | --- | |---------------------------------------------------------|-------|-------| | Industry leading Total Recordable Incident Rate of 0.54 | | | | Proven safety record is a must-have for customers | | | | Herc's Safety Program integrated into all acquisitions | | | | Continuing focus on Perfect Days | | | • Q2: 3 acquisitions - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33139 HERC HOLDINGS INC. (Exact name of registrant as specified in its chart ...

HercRentals® Shifting Into High Gear Q1 2023 EARNINGS CONFERENCE CALL April 20, 2023 • Safe Harbor • Q1 2023 Overview • 2023 Outlook Herc Rentals Team & Agenda Larry Silber President & Chief Executive Officer Mark Humphrey Senior Vice President & Chief Financial Officer Agenda • Q1 Operations Review Aaron Birnbaum Senior Vice President & Chief Operating Officer Leslie Hunziker Senior Vice President Investor Relations & Communications NYSE: HRI ©2023 Herc Rentals Inc. All Rights Reserved. 2 Safe Harbor State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33139 Table of Contents HERC HOLDINGS INC. (Exact name of registrant as specified in its char ...

Reconciliation of Net Income to Adj. EBITDA and Adj. EBITDA Margin, Rental Adj. EBITDA (REBITDA), REBITDA Margin and Flow-Through EBITDA, Adjusted EBITDA, and REBITDA - EBITDA represents the sum of net income, provision (benefit) for income taxes, interest expense, net, depreciation of rental equipment and non-rental depreciation and amortization. Adjusted EBITDA represents EBITDA plus the sum of merger and acquisition related costs, restructuring and restructuring related charges, spin-off costs, non-cash ...

Herc Holdings Inc. (NYSE:HRI) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Leslie Hunziker - IR Larry Silber - President and CEO Aaron Birnbaum - SVP and COO Mark Irion - SVP and CFO Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Neil Tyler - Redburn Ken Newman - KeyBanc Capital Markets Sherif El-Sabbahy - Bank of America Steven Ramsey - Thompson Research Group Larry Stavitski - Wells Fargo Mig Dobre - Baird Brian Sponheimer - ...

Revenue and Market Dynamics - The company's revenues are significantly affected by the cyclical nature of the construction and industrial sectors, with a decline in these areas leading to decreased demand for rental equipment [69]. - A substantial portion of revenues is derived from non-residential construction and industrial customers, making the company vulnerable to fluctuations in construction activity and oil and gas prices [70]. - The rental equipment market is highly fragmented, with price being a primary competitive factor, affecting revenue and operational results [93]. - Equipment rental revenues for 2022 reached $2.6 billion, a 33.6% increase from 2021, driven by a 31.8% increase in rental volume and a 5.8% increase in pricing [164][173]. - Total revenues increased by $665.7 million, or 32.1%, to $2.738 billion in 2022 compared to 2021 [172]. - The company’s revenues are primarily derived from equipment rental and related charges, including ancillary revenue from delivery and rental protection programs [161][162]. Financial Performance - Net income for 2022 was $329.9 million, up 47.2% from $224.1 million in 2021 [172][180]. - Earnings per share (diluted) increased to $10.92 in 2022, compared to $7.37 in 2021, reflecting a 48% growth [251]. - Cash provided by operating activities increased by $172.7 million to $916.7 million in 2022 compared to 2021 [185]. - The company reported a total comprehensive income of $301.6 million for 2022, compared to $230.9 million in 2021, marking a 30% increase [254]. - Direct operating expenses increased to $1,027.7 million in 2022, up from $782.3 million in 2021, reflecting higher operational costs [251]. Capital Expenditures and Investments - Capital expenditures for rental equipment amounted to $1.168 billion in 2022, a significant increase from $593.8 million in 2021 [192]. - The company expects net rental equipment capital expenditures for 2023 to be between $1.0 billion and $1.2 billion [193]. - Rental equipment expenditures rose significantly to $1,168.5 million in 2022, compared to $593.8 million in 2021, indicating a focus on expanding rental capacity [260]. Debt and Financial Risks - As of December 31, 2022, the company had total outstanding debt of approximately $2.9 billion, which significantly impacts cash flow and profitability [124]. - The company faces risks related to its significant indebtedness, which could adversely affect its financial condition and operational flexibility [124]. - An increase in interest rates could raise the cost of servicing debt, negatively impacting profitability [128]. - The company may incur additional debt in the future, which could exacerbate existing financial risks [130]. Operational Challenges - Supply chain disruptions, exacerbated by the COVID-19 pandemic, have led to delays in receiving equipment, potentially impairing the company's ability to meet customer needs [75]. - The company is heavily reliant on IT systems and third-party technologies, making it vulnerable to cybersecurity threats that could disrupt operations and harm its reputation [78]. - The company may experience inefficiencies due to competition for talent in the North American workforce, impacting business continuity and operational efficiency [95]. - Seasonal fluctuations in the construction industry could lead to lower profitability during off-peak periods, particularly from December until late spring [97]. Regulatory and Environmental Factors - The company is exposed to risks from government regulations and policies that could impact capital investments in infrastructure and energy sectors [71]. - Climate change and regulatory responses may negatively impact the company's business and operational results, requiring capital expenditures to meet customer standards [110]. - Environmental liabilities accrued as of December 31, 2022, were $0.4 million, reflecting potential costs related to compliance and remediation [109]. Shareholder Returns and Stock Performance - The company declared a quarterly dividend of $0.6325 per share on February 8, 2023, with a payment date of March 9, 2023 [202]. - The company maintained quarterly dividends of $0.575 per share and repurchased approximately 1.1 million shares for $115.2 million in 2022 [167]. - The company has a $1.0 billion share repurchase program, allowing for purchases through various methods, subject to market conditions and strategic priorities [153]. Strategic Growth and Acquisitions - The company completed 18 acquisitions and opened 21 new greenfield locations in 2022, resulting in a net cash outflow of $515.2 million [165]. - The company is pursuing strategic transactions, including acquisitions and divestitures, to enhance or expand its business operations [113]. Asset Management - Rental equipment represented 58.5% of total assets as of December 31, 2022, indicating a significant investment in this area [205]. - The company recorded asset impairment charges of $3.5 million, $3.2 million, and $15.4 million for the years ended December 31, 2022, 2021, and 2020, respectively [219].