Herc Holdings Inc is a leading equipment rental company that provides a wide range of high-quality equipment and services to a diverse set of industries, including construction, industrial, and residential sectors. The company operates a comprehensive fleet of machinery and tools, catering to the needs of contractors and businesses by offering everything from aerial work platforms to earthmoving equipment. In addition to rental services, Herc Holdings also provides maintenance and support, ensuring that customers have access to reliable equipment and expertise to efficiently complete their projects. With a focus on safety and customer satisfaction, the company plays a vital role in facilitating successful operations across various markets. Read More
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Herc (NYSE:HRI) and the rest of the specialty equipment distributors stocks fared in Q4.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the specialty equipment distributors stocks, including United Rentals (NYSE:URI) and its peers.
Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”), one of North America’s leading equipment rental suppliers, today announced that its wholly-owned subsidiary HR Merger Sub Inc. (“Merger Sub”) has commenced the previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest. The Offer is being made pursuant to the previously announced merger agreement, dated February 19, 2025, between Herc, Merger Sub and H&E.
Let’s dig into the relative performance of SiteOne (NYSE:SITE) and its peers as we unravel the now-completed Q4 specialty equipment distributors earnings season.
Since September 2024, Herc has been in a holding pattern, posting a small loss of 3.7% while floating around $127.35. The stock also fell short of the S&P 500’s 5.2% gain during that period.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 7.2% has trailed the S&P 500’s 9.5% gain.
Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”), one of North America’s leading equipment rental suppliers, and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ: HEES) (“H&E”) today announced that H&E has terminated its prior merger agreement with United Rentals, Inc. (NYSE: URI) and that Herc and H&E have entered into a definitive merger agreement under which Herc will acquire H&E.
Under the terms of the Herc proposal, H&E shareholders would receive $78.75 in cash and 0.1287 shares of Herc common stock for each share they own, with a total value of $104.89 per share.
Herc Holdings has made a superior acquisition offer to H&E Equipment Services for $104.89 per share, which is based on Herc's 10-day VWAP and expected to close mid-2025. The offer includes $78.75 in cash and 0.1287 shares of Herc stock per H&E share, with expected synergies and revenue growth. This offer is better than the previous offer by United Rentals, which has been waived.
Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”), one of North America’s leading equipment rental suppliers, today confirmed that it has executed a binding acquisition proposal and merger agreement to the Board of Directors of H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ: HEES) (“H&E”) pursuant to the “go-shop” provision as provided by H&E’s previously announced agreement with United Rentals, Inc. (NYSE: URI). H&E’s Board of Directors has determined that Herc’s cash and stock merger is superior to the $92.00 per share cash sale to United Rentals, and H&E has notified United Rentals that it intends to terminate its merger agreement and enter into a merger agreement with Herc. United Rentals notified H&E in writing that it does not intend to submit a revised proposal and has waived its four business day match period under the United Rentals merger agreement.
Equipment rental company Herc Holdings (NYSE:HRI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.4% year on year to $951 million. Its non-GAAP profit of $3.58 per share was 9.2% below analysts’ consensus estimates.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
Herc Holdings Inc. (NYSE: HRI) ("Herc Holdings" or the "Company") today reported financial results for the quarter and full year ended December 31, 2024.
Herc Holdings Inc. (NYSE: HRI) (“Herc Holdings” or “the Company”), a leader in the equipment rental industry, today announced that Larry Silber, president and chief executive officer, and Mark Humphrey, senior vice president and chief financial officer, will participate in the Barclays 42nd Annual Industrial Select Conference in Miami Beach, Florida on Wednesday, February 19, 2025.
Herc Holdings, Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers, today announced that its Board of Directors has increased the Company's quarterly dividend by $0.035 per share, or 5%, to $0.70 per share.
Herc Holdings Inc. (NYSE: HRI) today announced it will release its fourth quarter and full year 2024 financial results on February 13, 2025, before the market opens. The release will be followed by an investor conference call at 8:30 a.m. ET. On the call, management will review the Company’s results and may discuss or disclose material business, financial, or other information that is not contained in the press release.
