Pivotal Point Tracking Herc Holdings (HRI): Specialist in Equipment Rental Achieves Record Revenue of $1.36 Billion in Q3
Reading Time: 1 minute
Herc Holdings is one of the leading providers of rental equipment in North America. The company rents specialized equipment and construction machinery for infrastructure, industrial, and large projects. On October 27, the group reported a record revenue of $1.36 billion for the third quarter. Adjusted earnings per share stood at $3.91, significantly above analysts' estimates of $2.96. Following this strong result, management raised the annual targets for rental revenue and adjusted EBITDA. The stock reacted with a double-digit price jump. The company...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
