Herc Holdings reports record Q3 equipment rental revenue, raises FY‑2026 guidance and announces CEO transition
Herc Holdings Inc. posted third‑quarter 2026 results on Oct. 27, 2026, highlighting record equipment‑rental revenue of $1.254 billion, a 12% year‑over‑year increase, and total revenue of $1.364 billion. Net income rose to $104 million and adjusted EBITDA to $603 million, prompting the company to lift its FY‑2026 revenue and adjusted‑EBITDA outlook. The firm also disclosed that CEO Larry Silber will become Executive Chairman and Aaron Birnbaum will assume the CEO role in January 2027.
Why it matters
The raised FY‑2026 revenue and adjusted‑EBITDA guidance expands the company’s growth outlook, which could support higher valuation multiples for HRI (the company’s stock rose about 10% in pre‑market trading). The CEO transition signals continuity of strategy as the integration of the H&E acquisition progresses.
Key facts
- 1Equipment‑rental revenue was $1,254 million, up 12% year‑over‑year. stocktitan.net
- 2Total revenue was $1,364 million, up 5% year‑over‑year. stocktitan.net
- 3Net income was $104 million. stocktitan.net
- 4Adjusted EBITDA was $603 million, a 9% increase. stocktitan.net
- 5Adjusted earnings per diluted share were $3.91. stocktitan.net
- 6FY‑2026 equipment‑rental revenue guidance was raised to $4.475 billion‑$4.55 billion. rttnews.com
Summary written by AlphAI AI Desk from 20 of 25 sources. Not investment advice. Figures are as stated by the linked sources.