HRI and Mega Projects: Can Specialty Rentals Smooth the Cycle?

Key Takeaways Herc Holdings targets steadier demand via specialty rentals and mega project exposure. HRI grew revenue 23% in 2025, but utilization fell due to lower use of the acquired fleet.Integration, leverage, and weaker equipment sale margins add pressure to 2026 execution.Herc Holdings (HRI) is trying to widen its demand base as it digests the 2025 H&E Equipment Services acquisition. Management is leaning on specialty rentals and mega project exposure to reduce reliance on uneven local markets.The opp ...