Quarterly ResultApr 28, 2026, 06:37 AM
HRI Q1 Total Revenue +32% to $1.14B; Adj. EBITDA +33% to $448M; Affirms FY26 Guidance
AI Summary
Herc Holdings Inc. reported Q1 2026 financial results, with total revenues increasing 32% to $1.139 billion and equipment rental revenue up 33% to $981 million. The company posted a net loss of $24 million but achieved adjusted net income of $7 million and a 33% increase in adjusted EBITDA to $448 million. Free cash flow nearly doubled to $94 million. The company affirmed its full-year 2026 guidance, highlighting the successful integration of the H&E acquisition and strong demand in local markets and mega projects.
Key Highlights
- Total revenues increased 32% to $1.139 billion.
- Equipment rental revenue increased 33% to $981 million.
- Net loss was $24 million, or $0.72 loss per diluted share.
- Adjusted net income was $7 million, or $0.21 per diluted share.
- Adjusted EBITDA increased 33% to $448 million, with margin flat at 39%.
- Free cash flow nearly doubled to $94 million from $49 million in the prior year.
- Affirmed full-year 2026 guidance for equipment rental revenue ($4.275B-$4.4B) and adjusted EBITDA ($2.0B-$2.1B).
- Successfully completed integration of H&E acquisition, expanding specialty locations and sales network.