Herc Holdings reported a 30% year-over-year increase in equipment rental revenue, which rose to $1.12 billion in the latest quarter. Total revenue climbed 35% to $1.30 billion, driven by robust demand across construction, industrial and specialty markets. Adjusted EBITDA grew 24% to $551 million, even as margins experienced temporary compression due to integration costs related to the H&E Equipment Services acquisition. Management completed full IT integration during the period and reaffirmed full-year guidance, signaling confidence that planned synergies and utilization improvements will drive margin expansion in the coming quarters.

In its February filing, GAMCO Investors disclosed the sale of 34,492 shares of Herc Holdings, representing an estimated $4.73 million based on average closing prices for the quarter. Despite the reduction, the mark-to-market value of GAMCO’s remaining HRI position increased by $29.81 million during the period, reflecting a greater than 25% share price appreciation. Post-transaction, Herc Holdings accounts for 1.52% of GAMCO’s reportable U.S. equity AUM, maintaining parity with other core industrial holdings and underscoring the move as portfolio rebalancing rather than a change in strategic conviction.

Herc Holdings’ CEO Larry Silber and CFO Mark Humphrey will participate in two major industry conferences in Miami Beach—Citi’s Global Industrial Tech & Mobility event on February 19 and Barclays’ Annual Industrial Select Conference on February 18—featuring a fireside chat webcast for investors. Additionally, the Board has declared a regular quarterly dividend of $0.70 per share, payable March 4 to shareholders of record as of the February 18 record date. These actions reflect Herc’s commitment to transparent communication and returning capital to shareholders while supporting long-term growth initiatives.