HERC HOLDINGS INC reported second-quarter 2026 results with revenue of $1204M and net income of $19M, compared with revenue of $1002M and a net loss of $(35)M in the year-ago quarter; diluted EPS was $0.57 versus $(1.17) a year earlier.
Financial Highlights
- Revenue was $1,204M for Q2 2026, up from $1,002M in Q2 2025 (20% YoY).
- Net income was $19M for Q2 2026, versus a net loss of $(35)M in the year-ago quarter (turnaround YoY).
- Diluted EPS was $0.57 for Q2 2026, versus $(1.17) in Q2 2025.
Business Highlights
- Equipment rental revenue rose, driven by the completed integration of H&E and higher average overall equipment contract (OEC) on mega projects; rental revenue increased 23% quarter-over-quarter and 28% year-to-date.
- Channel and sales mix shifted: improved rental equipment sales mix raised margins, while volume shifts from H&E fleet sales affected quarterly margins.
- Operational scale-up following the H&E acquisition added locations and greenfield sites, increasing facilities, delivery and maintenance costs as the fleet scales.
- Seasonality was managed through fleet and staffing adjustments, with a focus on less-seasonal products to smooth demand.
- Capital deployment into the rental fleet increased net rental capex to optimize fleet mix post-acquisition, supporting utilization and revenue synergies.
Original SEC Filing:
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