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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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