Herc Holdings Reports Third Quarter 2026 Results and Increases 2026 Full Year Guidance
Business Wire•27/10/2026•06:30 ET
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Key Highlights
- ➤Q3 equipment rental revenue $1.254B, up 12% year over year
- ➤Q3 adjusted EBITDA $603M, up 9%; margin expanded 190 basis points
- ➤Q3 net income $104M, or $3.10 per diluted share
- ➤2026 equipment rental revenue guidance raised to $4.475B-$4.550B
- ➤2026 adjusted EBITDA guidance raised to $2.10B-$2.15B
Expert Statements
Larry Silber, Chief Executive Officer of Herc Holdings
“Our team delivered an exceptional third quarter, leveraging our scale, broad equipment offering, deep customer relationships and superior project execution to capitalize on accelerating customer demand.”
Larry Silber, Chief Executive Officer of Herc Holdings
“Equipment rental revenue increased 12% on an average OEC fleet that increased less than 2%, resulting in a 360 basis point improvement in dollar utilization.”
Larry Silber, Chief Executive Officer of Herc Holdings
“The strong performance was led by robust mega-project volume and double-digit expansion in our specialty solutions business.”
Larry Silber, Chief Executive Officer of Herc Holdings
“Revenue synergies from H&E were an increasing contributor in the quarter, consistent with the second-half weighting we previously outlined, as new specialty branches continued to ramp and we advanced cross-selling, broader fleet access and national account penetration.”
Larry Silber, Chief Executive Officer of Herc Holdings
“Local-market demand remained stable.”
Larry Silber, Chief Executive Officer of Herc Holdings
“Growth in our large-project pipeline continues to exceed our expectations, with expanding opportunities across data centers, infrastructure, manufacturing facilities, and energy projects.”
Larry Silber, Chief Executive Officer of Herc Holdings
“As a result, we are raising our full-year 2026 revenue, adjusted EBITDA and capex guidance for the second time this year.”
Larry Silber, Chief Executive Officer of Herc Holdings
“Our ability to serve these complex projects and deliver for our customers reflects our increased scale and ongoing technological innovation, as well as the hard work, expertise and dedication of Team Herc.”
Larry Silber, Chief Executive Officer of Herc Holdings
“I want to thank all of our employees for their continued commitment to safely serving our customers and driving our success.”
Herc Holdings Reports Third Quarter 2026 Results and Increases 2026 Full Year Guidance
Record equipment rental revenue of $1,254 million increased 12%
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