Herc Holdings — Third Quarter 2026 Earnings Summary

Herc Holdings reported record third-quarter 2026 equipment rental revenue of $1,254 million, a 12% increase year-over-year, driven by higher utilization and favorable fleet mix. The company achieved net income of $104 million and adjusted EBITDA of $603 million, with an adjusted EBITDA margin of 44.2%. Based on strong performance in mega-projects and revenue synergies from the H&E acquisition, Herc Holdings raised its full-year 2026 guidance for equipment rental revenue, adjusted EBITDA, and capital expenditures. As of September 30, 2026, the company's total fleet was valued at approximately $10.0 billion at original equipment cost.