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Dec 31, 2020
Herc Holdings Q4 2020 Earnings Report
Herc Holdings' Q4 2020 results were reported with equipment rental revenue of $427.3 million and total revenue of $520.4 million. Net income was reported as $35.5 million, or $1.19 per diluted share.
Key Takeaways
Herc Holdings reported Q4 2020 results, exceeding expectations with equipment rental revenue at $427.3 million and total revenues at $520.4 million. Net income was $35.5 million, or $1.19 per diluted share. The company's focus on cost control and customer diversification contributed to improved adjusted EBITDA margin and strong free cash flow.
Equipment rental revenue reached $427.3 million, impacted by COVID-19 slowdown.
Total revenues amounted to $520.4 million, with a decrease primarily due to lower equipment rental revenue.
Pricing declined by 0.8% compared to the same period in 2019.
Net income was reported at $35.5 million, or $1.19 per diluted share, compared to $35.1 million in the prior year.
Herc Holdings
Herc Holdings
Herc Holdings Revenue by Segment
Revenue by Segment
Equipment Rental Revenue
CapyFin.comSales of Rental Equip. Revenue
CapyFin.comNew Equip., Parts, Supplies Revenue
CapyFin.comService and Other Revenue
CapyFin.com Forward Guidance
The Company reported 2021 guidance ranges of $730 million to $760 million for adjusted EBITDA and $400 million to $450 million for net rental equipment capital expenditures.
Positive Outlook
- Goal for 2021 adjusted EBITDA is to exceed 2019 profitability levels.
- Completed first multi-location acquisition since going public.
- Intend to carefully invest in fleet.
- Add locations in high growth urban markets.
- Accelerate top-line growth while continuing to control expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income