Herc Holdings Reports Third Quarter 2026 Results and Increases 2026 Full Year Guidance
Herc Holdings reported record Q3 2026 results with equipment rental revenue of $1,254 million, up 12% YoY, and total revenues of $1,364 million, up 5%. Adjusted EPS nearly doubled to $3.91 from $2.22 a year ago, while adjusted EBITDA rose 9% to a record $603 million with margin up 190 bps to 44.2% on dollar utilization of 43.5%. Management raised full-year 2026 guidance for the second time this year, citing mega-project demand across data centers, infrastructure, manufacturing, and energy, plus H&E revenue synergies.
Key figures
- Eps
- 3.1
- Revenue
- $1,364 million
- Guidance
- FY2026 equipment rental revenue $4.475B-$4.550B (up from $4.375B-$4.475B); adjusted EBITDA $2.10B-$2.15B (up from $2.05B-$2.125B); net rental capex $1.0B-$1.1B; gross capex $1.45B-$1.60B
- Revenue Yoy
- 5%
- Net debt
- $8.0 billion
- Adjusted eps
- 3.91
- Net leverage
- 3.90x
- Adjusted ebitda
- $603 million
- Total fleet oec
- $10.0 billion
- Dollar utilization
- 43.5%
- Quarterly dividend
- $0.70
- Adjusted ebitda yoy
- 9%
- Adjusted ebitda margin
- 44.2%
- Adjusted eps prior year
- 2.22
- Equipment rental revenue
- $1,254 million
- Equipment rental revenue yoy
- 12%
- Dollar utilization prior year
- 39.9%
AI analysis
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