Herc Holdings (HRI) Tops Q4 EPS by 16c

Herc Holdings (NYSE: HRI) reported Q4 EPS of $1.19, $0.16 better than the analyst estimate of $1.03. Revenue for the quarter came in at $520.4 million versus the consensus estimate of $496.58 million.

Outlook for 2021

The Company reported 2021 guidance ranges of:

Adjusted EBITDA: $730 million to $760 million

Net rental equipment capital expenditures: $400 million to $450 million

"Our goal for 2021 adjusted EBITDA is to exceed 2019 profitability levels," said Silber. "As we announced in January, we completed our first multi-location acquisition since going public. We intend to carefully invest in fleet and add locations in high growth urban markets to accelerate our top-line growth while continuing to control expenses," he added.

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

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