Herc Holdings Reports Strong Q3 2026 Results Driven by Mega Projects and Specialty Fleet Growth
Herc Holdings (HRI) reported robust third-quarter 2026 financial results, highlighted by a 12% increase in equipment rental revenue to $1.254 billion. This growth was fueled by increased volume from large-scale 'mega projects,' improved pricing, and a strategic shift toward higher-margin specialty equipment. Adjusted EBITDA rose 9% to $603 million, with margins expanding to 44.2% as the company optimized its revenue mix. The company raised its full-year equipment rental revenue guidance to between $4.475 billion and $4.550 billion, citing strong demand from infrastructure and data center projects. While management noted some softness in interest rate-sensitive commercial construction, overall utilization improved significantly. Herc also remains on track with synergy targets following the H&E integration, maintaining a healthy liquidity position of $2.1 billion.
Tickers: $HRI
Topics: earnings report EBITDA equipment rental financial guidance revenue growth