Herc (HRI) Tops Q1 EPS by 33c, Miss on Revenues; Boosts FY18 Adj. EBITDA Outlook

Herc (NYSE: HRI) reported Q1 EPS of ($0.36), $0.33 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $431.3 million versus the consensus estimate of $439.96 million.

• Achieves 15.1% growth in equipment rental revenue over the prior-year period
• Increases dollar utilization by 330 basis points to 35.3% compared to 2017
• Improves net results by $29.1 million to a net loss of $10.1 million
• Increases adjusted EBITDA 35.7% to $132.7 million in 2018
• Raises 2018 adjusted EBITDA guidance to a range of $630 million to $660 million

For earnings history and earnings-related data on Herc (HRI) click here.

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