Herc Holdings Q2 2021 Earnings Report
Key Takeaways
Herc Holdings reported a strong second quarter in 2021, with total revenues up 33.4% and net income increasing to $47.1 million. The company raised its full-year guidance for adjusted EBITDA to $840 million to $870 million and net capital fleet expenditures to $500 million to $550 million.
Equipment rental revenue increased by 36.8% to $448.0 million.
Total revenues increased by 33.4% to $490.9 million.
Net income increased to $47.1 million, or $1.55 per diluted share.
Adjusted EBITDA expanded by 39.0% to $207.7 million.
Herc Holdings
Herc Holdings
Herc Holdings Revenue by Segment
Forward Guidance
The Company raised 2021 guidance ranges for adjusted EBITDA to $840 million to $870 million and net rental equipment capital expenditures to $500 million to $550 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income