Herc Holdings Q1 revenue, profit top estimates on H&E deal, mega projects

Herc Holdings

28/04/2026 11:39

Overview

U.S. equipment rental firm's Q1 revenue rose 32%, beating analyst expectations

Adjusted EPS for Q1 was $0.21, beating analyst expectations

Company says growth driven by H&E acquisition and expanded fleet size

Outlook

Herc Holdings affirms 2026 equipment rental revenue guidance of $4.275 bln to $4.4 bln

Company expects 2026 adjusted EBITDA between $2.0 bln and $2.1 bln

Herc Holdings sees 2026 net rental equipment capex at $500 mln to $800 mln

Result Drivers

H&E ACQUISITION - Co said revenue growth was driven by the integration of the H&E acquisition, which increased fleet size and specialty locations

MEGA PROJECTS - Higher rental volume from mega projects contributed to revenue growth

HIGHER OPERATING EXPENSES - Direct operating expenses and depreciation rose due to the H&E acquisition and new greenfield locations

Company press release: ID:nBw3dYDTca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.14 bln
$1.07 bln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.21
-$0.21 (9 Analysts)
Q1 Adjusted Net Income
$7 mln
Q1 Net Income
-$24 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Herc Holdings Inc is $169.50, about 36% above its April 27 closing price of $124.61

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)