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Herc Holdings Inc. (HRI) Presents at Morgan Stanley's 13th Annual Laguna Conference
Herc HoldingsHerc Holdings(US:HRI) Seeking Alphaยท2025-09-11 23:30

Company Overview - Herc Rentals is celebrating its 60th anniversary as the oldest public company in the equipment rental industry [1] - The company has been an independent public entity for over 9 years, employing over 10,000 individuals and operating more than 625 locations across 46 states and 5 Canadian provinces [1] - The addressable market for Herc Rentals in North America is approximately $87 billion and is expected to grow [1] Industry Dynamics - The equipment rental industry is experiencing a long-term shift from ownership to rental, which is a secular trend benefiting the market [1] - Herc Rentals is focused on sustaining a profitable growth trend and executing a strong growth strategy [1] Growth Strategy - The company has achieved above-market growth through investments in fleet expansion, new greenfield openings, and entry into the specialty marketplace [2] - Herc Rentals has completed over 50 mergers and acquisitions in the last 4.5 years, resulting in the addition of 113 locations [2]