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Jun 30, 2021
Herc Holdings Q2 2021 Earnings Report
Herc Holdings' financial performance improved significantly in Q2 2021, with revenue and adjusted EBITDA increasing substantially compared to the previous year.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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