Herc Holdings Raises Full-Year Guidance and Accelerates Capital Expenditure
During its third-quarter 2026 earnings call, Herc Holdings (HRI) announced an increase in full-year earnings guidance. The company is strategically pulling forward $150 million in planned capital expenditure from 2027 into the fourth quarter of 2026 to supply specialty equipment for committed multiyear mega projects. The company reported a significant 12% increase in equipment rental revenue, despite a modest fleet growth of less than 2%. This efficiency is driven by improved fleet dollar utilization and a strategic shift back toward specialty equipment, which now accounts for 20% of the total fleet mix. Management noted that demand from large-scale construction and data center projects continues to exceed operational expectations.
Tickers: $HRI
Topics: capital expenditure earnings guidance equipment rental revenue fleet management