Herc Holdings (HRI) Reports In-Line Q4 EPS

Herc Holdings (NYSE: HRI) reported Q4 EPS of $1.16, in-line with the analyst estimate of $1.16. Revenue for the quarter came in at $543.7 million versus the consensus estimate of $510.14 million.

2019 Guidance

"The continued robust market demand along with our improved operating efficiencies support our expectation for year-over-year growth in adjusted EBITDA of approximately 7% to 11% in fiscal 2019," said Mr. Silber. "Our 2019 net capital spending is expected to be lower than 2018 as we continue to improve the quality and age of the fleet by disposing of non-preferred brands and older equipment. By staying focused on disciplined capital management, we intend to continue to lower our net leverage by the end of the year."

• Adjusted EBITDA $730 to $760 million
• Net fleet capital expenditures $370 to $410 million
  

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

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