Herc (HRI) Q1 2025 Earnings Report Highlights Revenue Growth and Acquisition Costs
Herc (HRI) reported a 4.9% year-over-year increase in equipment rental revenue, excluding Cinelease, driven by rate and OEC fleet on rent increases. However, the company faced a net loss due to $74 million in acquisition costs from H&E Equipment Services, with adjusted net income at $37 million. The report also noted a decline in ROIC and a 5% annual dividend increase.
Tickers: $HRI
Topics: acquisition costs dividend earnings EBITDA fleet composition revenue