Recent Updates — HRI
Herc Holdings Inc. reported third-quarter 2026 net income of $104 million, or $3.10 per diluted share, compared to $30 million in the prior-year period. Total revenues increased 5% to a record $1,364 million, driven by a 12% rise in equipment rental revenue to $1,254 million and robust demand from mega-projects. Adjusted EBITDA grew 9% to $603 million with an adjusted EBITDA margin of 44.2%. The company raised its full-year 2026 equipment rental revenue guidance to a range of $4.475 billion to $4.55 billion and increased adjusted EBITDA guidance to $2.10 billion to $2.15 billion, citing accelerating customer demand and revenue synergies from the H&E acquisition. Herc Holdings operates as a full-line equipment rental supplier with over 600 locations across North America.
Herc Holdings Inc. announced a planned leadership succession effective January 1, 2027. The Board appointed President Aaron Birnbaum as Chief Executive Officer and added him to the Board of Directors. Lawrence H. Silber transitions from CEO to Executive Chairman. Michael A. Kelly becomes Lead Director, while Patrick Campbell steps down as chairman to become an independent director. Birnbaum will receive a $975,000 base salary and a target bonus of 125% of base, plus approximately $4.25 million in equity awards. Silber will earn a $600,000 base salary with a 120% bonus target and $3 million in equity. Herc Holdings operates as a leading equipment rental supplier in North America.
On August 18, 2026, the Board of Directors elected Erik Olsson as an independent director, effective immediately. Mr. Olsson previously served as Chairman, President, and CEO of Mobile Mini and CEO of RSC Holdings. He will serve on the Audit Committee and participate in the non-employee director compensation program with prorated retainers and equity awards for his initial term. Herk Holdings Inc. operates in the equipment rental industry.
Herc Holdings Inc. reported second quarter 2026 financial results, posting total revenues of $1,204 million, a 20% increase year-over-year, driven by a 23% rise in equipment rental revenue. Net income was $19 million, or $0.57 per diluted share, compared to a net loss of $35 million in the prior-year period. Adjusted EBITDA increased 19% to $487 million with a margin of 40.4%. The company raised its full-year 2026 guidance, increasing equipment rental revenue expectations to $4.375 billion–$4.475 billion and adjusted EBITDA to $2.05 billion–$2.125 billion. Herc Holdings operates in the equipment rental industry, providing full-line rental services and solutions to construction, industrial, and commercial customers across North America.