NYSE: HRI
HERC HOLDINGS INCCIK 0001364479 · SIC 7350 · Miscellaneous Equipment Rental
Large
Revenue $4.4B
Assets $13.7B
as of Oct 25, 2026
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8-K
Filed Oct 27, 2026
· Period ending Oct 27, 2026
Summary not yet generated.
10-Q
Filed Oct 27, 2026
· Period ending Sep 30, 2026
Summary not yet generated.
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8-K
Filed Oct 26, 2026
· Period ending Oct 23, 2026
Summary not yet generated.
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.
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.
8-K
Filed May 20, 2026
· Period ending May 14, 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.
10-Q
Filed Oct 28, 2025
· Period ending Sep 30, 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 Oct 27, 2026 (period ending Sep 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 September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Equipment rental | 1,254 | 1,122 | 3,307 | 2,731 |
| Sales of rental equipment | 85 | 151 | 333 | 362 |
| Sales of new equipment, parts and supplies | 13 | 18 | 38 | 46 |
| Service and other revenue | 12 | 13 | 29 | 28 |
| Total revenues | 1,364 | 1,304 | 3,707 | 3,167 |
| Expenses: | ||||
| Direct operating | 532 | 467 | 1,476 | 1,173 |
| Depreciation of rental equipment | 255 | 246 | 739 | 613 |
| Cost of sales of rental equipment | 68 | 134 | 263 | 296 |
| Cost of sales of new equipment, parts and supplies | 9 | 12 | 26 | 30 |
| Selling, general and administrative | 178 | 166 | 479 | 411 |
| Transaction expenses | 1 | 38 | 9 | 185 |
| Non-rental depreciation and amortization | 74 | 70 | 222 | 148 |
| Interest expense, net | 126 | 134 | 380 | 282 |
| (Gain) loss on assets held for sale | — | (1) | — | 48 |
| Other expense (income), net | 1 | — | (8) | (3) |
| Total expenses | 1,244 | 1,266 | 3,586 | 3,183 |
| Income (loss) before income taxes | 120 | 38 | 121 | (16) |
| Income tax provision | (16) | (8) | (22) | (7) |
| Net income (loss) | 104 | 30 | 99 | (23) |
| Weighted average shares outstanding: | ||||
| Basic | 33.4 | 33.2 | 33.4 | 30.6 |
| Diluted | 33.5 | 33.3 | 33.5 | 30.6 |
| Income (loss) per share: | ||||
| Basic | 3.11 | 0.90 | 2.96 | (0.75) |
| Diluted | 3.10 | 0.90 | 2.96 | (0.75) |
Condensed Consolidated Balance Sheets
(In millions, except par value)
| Description | September 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | 66 | 52 |
| Receivables, net of allowances of $28 and $31, respectively | 929 | 769 |
| Prepaid expenses | 62 | 72 |
| Other current assets | 52 | 63 |
| Total current assets | 1,109 | 956 |
| Rental equipment, net | 6,190 | 5,880 |
| Property and equipment, net | 855 | 868 |
| Right-of-use lease assets | 1,444 | 1,489 |
| Intangible assets, net | 1,559 | 1,665 |
| Goodwill | 2,859 | 2,873 |
| Other long-term assets | 41 | 45 |
| Total assets | 14,057 | 13,776 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current maturities of long-term debt and financing obligations | 32 | 32 |
| Current maturities of operating lease liabilities | 59 | 56 |
| Accounts payable | 556 | 337 |
| Accrued liabilities | 384 | 305 |
| Total current liabilities | 1,031 | 730 |
| Long-term debt, net | 8,004 | 8,021 |
| Financing obligations, net | 92 | 95 |
| Operating lease liabilities | 1,443 | 1,479 |
| Deferred tax liabilities | 1,449 | 1,446 |
| Other long-term liabilities | 54 | 57 |
| Total liabilities | 12,073 | 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 | 2,467 | 2,448 |
| Retained earnings | 576 | 547 |
| Accumulated other comprehensive loss | (132) | (120) |
| Treasury stock, at cost, 4.9 shares and 4.9 shares | (927) | (927) |
| Total equity | 1,984 | 1,948 |
| Total liabilities and equity | 14,057 | 13,776 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | 99 | (23) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation of rental equipment | 739 | 613 |
| Depreciation of property and equipment | 97 | 77 |
| Amortization of intangible assets | 125 | 71 |
| Amortization of deferred debt and financing obligations costs | 9 | 6 |
| Stock-based compensation charges | 22 | 28 |
| Provision for receivables allowances | 79 | 58 |
| Loss on assets held for sale | — | 48 |
| Deferred taxes | 4 | 2 |
| Gain on sale of rental equipment | (70) | (66) |
| Other | 13 | 11 |
| Changes in assets and liabilities, net of effects from acquisitions: | ||
| Receivables | (260) | (59) |
| Other assets | 11 | (19) |
| Accounts payable | (22) | 10 |
| Accrued liabilities and other long-term liabilities | 105 | 13 |
| Net cash provided by operating activities | 951 | 770 |
| Cash flows from investing activities: | ||
| Rental equipment expenditures | (1,056) | (835) |
| Proceeds from disposal of rental equipment | 319 | 306 |
| Non-rental capital expenditures | (107) | (123) |
| Proceeds from disposal of property and equipment | 26 | 15 |
| Acquisitions, net of cash acquired | — | (4,256) |
| Proceeds from disposal of business, net | — | 99 |
| Net cash used in investing activities | (818) | (4,794) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of long-term debt | — | 3,467 |
| Repayments of long-term debt | (6) | — |
| Proceeds from revolving lines of credit and securitization | 1,688 | 3,928 |
| Repayments on revolving lines of credit and securitization | (1,709) | (3,299) |
| Principal payments under finance lease and financing obligations | (18) | (16) |
| Payment of debt issuance costs | — | (10) |
| Dividends paid | (71) | (64) |
| Net settlement on vesting of equity awards | (9) | (8) |
| Proceeds from employee stock purchase plan | 6 | 4 |
| Net cash provided by (used in) financing activities | (119) | 4,002 |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | — |
| Net change in cash and cash equivalents during the period | 14 | (22) |
| Cash and cash equivalents at beginning of period | 52 | 83 |
| Cash and cash equivalents at end of period | 66 | 61 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 313 | 202 |
| Cash paid for income taxes, net | 10 | 18 |
| Supplemental disclosure of non-cash investing activity: | ||
| Purchases of rental equipment in accounts payable | 252 | 66 |
| Non-rental capital expenditures in accounts payable | — | 2 |
| Disposal of rental equipment in accounts receivable | — | 31 |
| Supplemental disclosure of non-cash investing and financing activity: | ||
| Issuance of common stock for H&E acquisition | — | 584 |
| Equipment acquired through finance lease | 24 | 10 |
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 ↗