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Herc (HRI)

Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is one of the leading equipment rental suppliers with 277 locations in North America. With over 55 years of experience, Herc Holdings is a full-line equipment rental supplier offering a broad portfolio of equipment for rent. Herc Holdings's classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. The Company's equipment rental business is supported by ProSolutionsR, its industry-specific solutions-based services, which includes power generation, climate control, remediation and restoration, and studio and production equipment, and its ProContractor professional grade tools. Herc Holdings's product offerings and services are aimed at helping customers work more efficiently, effectively and safely. The Company has approximately 4,800 employees who equip ouritsrevenues were approximately $1.8 billion. All references to 'Herc Holdings' or the 'Company' in this press release refer to Herc Holdings Inc. and its subsidiaries, unless otherwise indicated.

Company profile

Ticker
HRI
Exchange
CEO
Lawrence Silber
Employees
Incorporated
Location
Fiscal year end
Former names
HERTZ GLOBAL HOLDINGS INC
SEC CIK
Subsidiaries
Black and Gold Insurance Ltd. • Cinelease, Inc. • Cinelease, LLC • Herc Build, LLC • Herc Intermediate Holdings, LLC • Herc Investors, LLC • Herc Management Services LLC • Herc Purchasing LLC • Herc Sales Force A LLC • Herc Sales Force B LLC ...
IRS number
203530539

HRI stock data

Analyst ratings and price targets

Last 3 months

Calendar

21 Jul 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Sep 22 Aaron Birnbaum Common Stock Buy Acquire P No No 112.77 28.64 3.23K 28,004.38
10 Jun 22 Aaron Birnbaum Common Stock Buy Acquire P No No 120.21 26.74 3.21K 27,975.74
12 May 22 Campbell Patrick D Phantom Stock Common Stock Grant Acquire A No No 0 1,101 0 13,082
12 May 22 Campbell Patrick D Phantom Stock Common Stock Grant Acquire A No No 0 1,376 0 11,981
12 May 22 Burgess Shari L Phantom Stock Common Stock Grant Acquire A No No 0 1,101 0 2,895
12 May 22 Gary Hunter Clark Phantom Stock Common Stock Grant Acquire A No No 0 1,101 0 1,101
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Risks
  • Our business is cyclical and depends on the levels of capital investment and maintenance expenditures by our customers. A slowdown in economic conditions or adverse changes in the level of economic activity or other economic factors specific to our customers or their industries, in particular contractors and industrial customers, could have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • Our industry is highly competitive, and competitive pressures or not timely identifying and responding to customer needs, expectations or trends could lead to a decrease in our market share or in the prices that we can charge.
  • A widespread outbreak of an illness or any other communicable disease, or any other public health crisis, could adversely affect our business, results of operations and financial condition.
  • Our business is heavily reliant upon communications networks and centralized IT systems and the concentration of our systems creates or increases risks for us, including the risk of the misuse or theft of information as a result of cybersecurity breaches or otherwise, which could harm our brand, reputation or competitive position and give rise to material liabilities.
  • We face intense competition, including from our own suppliers, that may lead to downward pricing or an inability to increase prices.
  • Our success depends on our ability to attract and retain key management, sales and trades talent, while supporting the onboarding and career development of our team members.
  • Due to seasonality, especially in the construction industry, any occurrence that disrupts rental activity during our peak periods could materially adversely affect our results of operations, liquidity and cash flows.
  • Some or all of our deferred tax assets could expire if we experience an “ownership change” as defined in Section 382 of the Internal Revenue Code (the "Code").
  • Any decline in our relationships with our key national account customers or the amount of equipment they rent from us could materially adversely affect our business, financial position, results of operations and cash flows.
  • Our rental fleet is subject to residual value risk upon disposition and may not sell at the prices we expect.
  • We incur maintenance and repair costs associated with our rental fleet that could have a material adverse effect on our financial condition, results of operations, liquidity and cash flows in the event these costs are greater than anticipated.
  • We are exposed to a variety of claims and losses arising from our operations, and our insurance may not cover all or any portion of such claims.
  • Environmental, health, and safety laws and regulations and the costs of complying with them, or any change to them impacting our markets, could materially adversely affect our financial position, results of operations and cash flows.
  • Climate change and legal or regulatory responses thereto may have a long-term negative impact on our business and results of operations.
  • Part of our strategy includes pursuing strategic transactions, which could be difficult to identify and implement, and could disrupt our business or change our business profile significantly.
  • We may face issues with our union employees.
  • We and New Hertz have assumed and will share responsibility for certain liabilities in connection with the Spin-Off, any of which could have a material adverse effect on our business, financial condition and results of operations.
  • If there is a determination that any portion of the Spin-Off transaction is taxable for U.S. federal income tax purposes, then we and our stockholders could incur significant U.S. federal income tax liabilities.
  • The Spin-Off may be challenged by creditors as a fraudulent transfer or conveyance.
  • Our significant level of indebtedness exposes or makes us more vulnerable to a number of risks that could materially adversely affect our financial condition, results of operations, cash flows, liquidity and ability to compete.
  • Substantially all of our consolidated assets secure certain of our indebtedness, which could materially adversely affect our business and holders of our debt and equity.
  • An increase in interest rates or in our borrowing margin would increase the cost of servicing our debt and could reduce our profitability.
  • Despite our current level of indebtedness, we may still be able to incur substantially more debt. This could further exacerbate the risks described above.
  • The market price of our common stock could decline as a result of the sale or distribution of a large number of shares of our common stock in the market or the perception that a sale or distribution could occur. These factors also could make it more difficult for us to raise funds through future offerings of our common stock.
  • Provisions of our Certificate of Incorporation and our By-Laws could discourage potential acquisition proposals and could deter or prevent a change in control.
Management Discussion
  • Equipment rental revenue increased $157.4 million, or 35.1%, during the second quarter of 2022 due to higher volume of equipment on rent of 34.9% and positive pricing of 5.5% over the same period in the prior year.
  • Sales of rental equipment decreased $11.0 million, or 36.3%, during the second quarter of 2022 when compared to the second quarter of 2021. During the second quarter of 2022, the decline in volume of sales was related to the increase in utilization and the strategic management of our rental equipment to maximize fleet size as part of our long-term strategy. The margin on sales
  • HERC HOLDINGS INC. AND SUBSIDIARIES

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Removed: Jonathan, Langham, successor