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Dec 31, 2024
Herc Holdings Q4 2024 Earnings Report
Key Takeaways
Herc Holdings achieved record Q4 equipment rental revenue, growing 12% YoY. Total revenue increased 14% YoY, but a $194M loss on Cinelease assets resulted in a net loss of $46M. Adjusted net income increased 11% YoY, and operating margins remained stable.
Herc Holdings
Herc Holdings
Herc Holdings Revenue by Segment
Forward Guidance
Herc Holdings expects 4-6% equipment rental revenue growth in 2025, driven by strategic acquisitions, mega projects, and continued fleet optimization.
Positive Outlook
- Projected 4-6% rental revenue growth.
- Strategic acquisitions and greenfield expansions.
- Mega projects expected to drive demand.
- Continued fleet investment and optimization.
- Strong liquidity with $1.9B in available resources.
Challenges Ahead
- Uncertain 2025 operating landscape.
- Continued pressure from high interest rates.
- Potentially weaker local market growth.
- Higher operating costs due to insurance and delivery expenses.
- Ongoing challenges in Cinelease asset divestiture.