Herc Holdings (HRI) Q3 2025

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Herc Holdings delivered a split verdict in Q3 2025, posting revenue of $1.30 billion that edged past the $1.29 billion consensus by 1.03% and surged 35.1% year-over-year, while adjusted EPS of $2.22 missed the $2.31 estimate by 4.10%, underscoring th… Read more Herc Holdings delivered a split verdict in Q3 2025, posting revenue of $1.30 billion that edged past the $1.29 billion consensus by 1.03% and surged 35.1% year-over-year, while adjusted EPS of $2.22 missed the $2.31 estimate by 4.10%, underscoring the near-term profit drag from integrating H&E Equipment Services. The acquisition, completed in mid-2025, was the defining force behind the quarter: equipment rental revenue climbed 30% to $1.12 billion, but interest expense nearly doubled to $134.00 million, GAAP net income tumbled to $30.00 million from $122.00 million a year ago, and adjusted EBITDA margin compressed 390 basis points to 42.3% as redundant integration costs and fleet-rightsizing sales through auction channels weighed on profitability. Net leverage rose to 3.8x, with net debt at $8.18 billion. Despite the earnings shortfall, management reaffirmed full-year 2025 guidance, targeting equipment rental revenue of $3.70 billion to $3.90 billion, adjusted EBITDA of $1.80 billion to $1.90 billion, and adjusted free cash flow of $400.00 million to $500.00 million, signaling confidence that integration synergies will progressively lift margins ahead.