NYSE: HRI
HERC HOLDINGS INCCIK 0001364479 · SIC 7350 · Miscellaneous Equipment Rental
Large
Revenue $4.4B
Assets $13.7B
as of Sep 14, 2026
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8-K
Filed Sep 3, 2026
· Period ending Aug 31, 2026
Summary not yet generated.
8-K
Filed Aug 19, 2026
· Period ending Aug 19, 2026
Summary not yet generated.
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10-Q
Filed Jul 28, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Jul 28, 2026
· Period ending Jul 28, 2026
Summary not yet generated.
10-Q
Filed Apr 28, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 17, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
424B3
Filed May 19, 2025
Summary not yet generated.
10-K
Filed Feb 13, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed Mar 4, 2016
· Period ending Dec 31, 2015
Summary not yet generated.
10-Q/A
Filed Nov 9, 2015
· Period ending Jun 30, 2015
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In millions, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Equipment rental | 1,072 | 870 | 2,053 | 1,609 |
| Sales of rental equipment | 110 | 106 | 248 | 211 |
| Sales of new equipment, parts and supplies | 12 | 17 | 25 | 28 |
| Service and other revenue | 10 | 9 | 17 | 15 |
| Total revenues | 1,204 | 1,002 | 2,343 | 1,863 |
| Expenses: | ||||
| Direct operating | 491 | 379 | 944 | 706 |
| Depreciation of rental equipment | 242 | 195 | 484 | 367 |
| Cost of sales of rental equipment | 86 | 86 | 195 | 162 |
| Cost of sales of new equipment, parts and supplies | 8 | 10 | 17 | 18 |
| Selling, general and administrative | 155 | 127 | 301 | 245 |
| Transaction expenses | 3 | 73 | 8 | 147 |
| Non-rental depreciation and amortization | 75 | 45 | 148 | 78 |
| Interest expense, net | 126 | 86 | 254 | 148 |
| Loss on assets held for sale | — | 49 | — | 49 |
| Other income, net | (6) | (2) | (9) | (3) |
| Total expenses | 1,180 | 1,048 | 2,342 | 1,917 |
| Income (loss) before income taxes | 24 | (46) | 1 | (54) |
| Income tax benefit (provision) | (5) | 11 | (6) | 1 |
| Net income (loss) | 19 | (35) | (5) | (53) |
| Weighted average shares outstanding: | ||||
| Basic | 33.4 | 30.0 | 33.4 | 29.2 |
| Diluted | 33.5 | 30.0 | 33.4 | 29.2 |
| Income (loss) per share: | ||||
| Basic | 0.57 | (1.17) | (0.15) | (1.82) |
| Diluted | 0.57 | (1.17) | (0.15) | (1.82) |
Condensed Consolidated Balance Sheets
(In millions, except par value)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | 43 | 52 |
| Receivables, net of allowances of $27 and $31, respectively | 805 | 769 |
| Prepaid expenses | 52 | 72 |
| Other current assets | 60 | 63 |
| Total current assets | 960 | 956 |
| Rental equipment, net | 5,899 | 5,880 |
| Property and equipment, net | 863 | 868 |
| Right-of-use lease assets | 1,494 | 1,489 |
| Intangible assets, net | 1,599 | 1,665 |
| Goodwill | 2,859 | 2,873 |
| Other long-term assets | 43 | 45 |
| Total assets | 13,717 | 13,776 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt and financing obligations | 32 | 32 |
| Current maturities of operating lease liabilities | 57 | 56 |
| Accounts payable | 482 | 337 |
| Accrued liabilities | 300 | 305 |
| Total current liabilities | 871 | 730 |
| Long-term debt, net | 7,885 | 8,021 |
| Financing obligations, net | 93 | 95 |
| Operating lease liabilities | 1,491 | 1,479 |
| Deferred tax liabilities | 1,434 | 1,446 |
| Other long-term liabilities | 53 | 57 |
| Total liabilities | 11,827 | 11,828 |
| Commitments and contingencies (Note 12) | ||
| Equity: | ||
| Preferred stock, $0.01 par value, 13.3 shares authorized, no shares issued and outstanding | — | — |
| Common stock, $0.01 par value, 133.3 shares authorized, 38.3 and 38.2 shares issued and 33.4 and 33.3 shares outstanding | — | — |
| Additional paid-in capital | 2,452 | 2,448 |
| Retained earnings | 496 | 547 |
| Accumulated other comprehensive loss | (131) | (120) |
| Treasury stock, at cost, 4.9 shares and 4.9 shares | (927) | (927) |
| Total equity | 1,890 | 1,948 |
| Total liabilities and equity | 13,717 | 13,776 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (5) | (53) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation of rental equipment | 484 | 367 |
| Depreciation of property and equipment | 65 | 47 |
| Amortization of intangible assets | 83 | 31 |
| Amortization of deferred debt and financing obligations costs | 6 | 3 |
| Stock-based compensation charges | 8 | 12 |
| Provision for receivables allowances | 51 | 31 |
| Loss on assets held for sale | — | 49 |
| Deferred taxes | (11) | (58) |
| Gain on sale of rental equipment | (53) | (49) |
| Other | 8 | 5 |
| Changes in assets and liabilities, net of effects from acquisitions: | ||
| Receivables | (98) | 3 |
| Other assets | 18 | (14) |
| Accounts payable | 21 | (6) |
| Accrued liabilities and other long-term liabilities | 14 | 44 |
| Net cash provided by operating activities | 591 | 412 |
| Cash flows from investing activities: | ||
| Rental equipment expenditures | (557) | (421) |
| Proceeds from disposal of rental equipment | 230 | 183 |
| Non-rental capital expenditures | (82) | (80) |
| Proceeds from disposal of property and equipment | 20 | 9 |
| Acquisitions, net of cash acquired | — | (4,251) |
| Net cash used in investing activities | (389) | (4,560) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | — | 3,467 |
| Proceeds from revolving lines of credit and securitization | 1,026 | 3,361 |
| Repayments on revolving lines of credit and securitization | (1,170) | (2,645) |
| Principal payments under finance lease and financing obligations | (16) | (10) |
| Payment of debt issuance costs | — | (9) |
| Dividends paid | (47) | (41) |
| Net settlement on vesting of equity awards | (8) | (7) |
| Proceeds from employee stock purchase plan | 4 | 2 |
| Net cash provided by (used in) financing activities | (211) | 4,118 |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | — |
| Net change in cash and cash equivalents during the period | (9) | (30) |
| Cash and cash equivalents at beginning of period | 52 | 83 |
| Cash and cash equivalents at end of period | 43 | 53 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 232 | 119 |
| Cash paid for income taxes, net | 6 | 17 |
| Supplemental disclosure of non-cash investing activity: | ||
| Purchases of rental equipment in accounts payable | 139 | 47 |
| Non-rental capital expenditures in accounts payable | — | 6 |
| Disposal of rental equipment in accounts receivable | — | 12 |
| Supplemental disclosure of non-cash investing and financing activity: | ||
| Issuance of common stock for H&E acquisition | — | 584 |
| Equipment acquired through finance lease | 23 | 3 |
Amounts as printed on the EDGAR/iXBRL face — (In millions, except per share data); (In millions, except par value); (In millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗